Asset India Foundation
Asset India Foundation experiences extreme financial volatility, with a massive revenue surge in 2023 and zero reported officer compensation.
EIN: 205139364 · Jersey City, NJ · NTEE: Q33 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $698K |
| Total Expenses | $4.7M |
| Program Spending | 98% |
| Net Assets | $77K |
| Transparency Score | 85/100 |
Is Asset India Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Asset India Foundation directs 98% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Asset India Foundation
Asset India Foundation (EIN: 205139364) is a nonprofit organization based in Jersey City, NJ, classified under NTEE code Q33. The organization reported total revenue of $698K and total assets of $840K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Asset India Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Asset India Foundation is a small nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 59.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.8M |
| Total Expenses | $4.7M |
| Surplus / Deficit | +$77K |
| Total Assets | $77K |
| Net Assets | $77K |
| Operating Margin | 1.6% |
| Months of Reserves | 0.2 months |
Financial Health Grade: A
In 2023, Asset India Foundation reported a surplus of $77K with revenue exceeding expenses, holds 0.2 months of operating reserves (limited).
Financial Trends
Over 12 years of filings (2011–2023), Asset India Foundation's revenue has grown at a compound annual growth rate (CAGR) of 59.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7505.5% | +6359.8% | +7689800.0% |
| 2022 | -88.2% | -86.3% | -100.0% |
| 2021 | +385.3% | +384.7% | +7.4% |
| 2020 | +336.5% | +677.9% | -69.8% |
| 2019 | +1312.5% | +145.9% | +58.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Asset India Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 1%
- programs: 98%
- fundraising: 1%
According to IRS 990 filings, Asset India Foundation allocates its expenses as follows: admin: 1%, programs: 98%, fundraising: 1%. With 98% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $77K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization with revenues reaching millions.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Asset India Foundation's IRS 990 filings:
- Extreme year-over-year financial volatility, making consistent financial health difficult to assess.
- Consistent 0% officer compensation despite significant revenue, which is unusual for an organization of this scale and could indicate uncompensated leadership or alternative compensation structures.
- Assets fluctuating dramatically, from $1 in 2022 to $76,899 in 2023, suggesting potential instability in financial reserves.
Strengths
The following positive indicators were identified for Asset India Foundation:
- Strong program spending efficiency, with expenses closely matching revenue in the latest filing (2023 revenue $4,820,662, expenses $4,743,763).
- Consistent reporting of 0% officer compensation, indicating a commitment to minimizing administrative overhead related to executive pay.
- No reported liabilities in most recent filings, suggesting good debt management.
- Consistent filing of IRS Form 990s, demonstrating transparency in financial reporting.
Frequently Asked Questions about Asset India Foundation
Is Asset India Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Asset India Foundation (EIN: 205139364) some concerns. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
How does Asset India Foundation spend its money?
Asset India Foundation directs 98% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Asset India Foundation tax-deductible?
Asset India Foundation is registered as a tax-exempt nonprofit (EIN: 205139364). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Asset India Foundation's spending goes to programs?
Asset India Foundation directs 98% to programs, 1% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Asset India Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Asset India Foundation is above average for NTEE category Q33 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Asset India Foundation located?
Asset India Foundation is headquartered in Jersey City, New Jersey and files with the IRS under EIN 205139364. It is classified under NTEE code Q33.
How many years of IRS 990 filings does Asset India Foundation have?
Asset India Foundation has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $698K in total revenue.
Is Asset India Foundation a good charity?
The organization demonstrates strong program spending efficiency, particularly in 2023 where expenses closely matched revenue ($4,743,763 vs $4,820,662). The consistent reporting of 0% officer compensation is also a positive. However, the extreme financial volatility makes long-term assessment challenging.
Why is there such extreme revenue fluctuation?
Revenue has varied from $1,800 in 2018 to over $4.8 million in 2023. This level of fluctuation suggests either highly sporadic large grants, project-specific funding, or significant changes in operational scope that are not immediately clear from the 990 data alone.
How does the organization operate with 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings, even with revenues in the millions, suggests that leadership may be entirely volunteer-based or compensated through other means not reported on the 990, which warrants further inquiry for clarity.
What caused the significant increase in assets from $1 in 2022 to $76,899 in 2023?
The jump in assets indicates a substantial change in financial holdings or investments within that year, likely tied to the large increase in revenue and expenses in the same period, suggesting funds were received and partially held or deployed quickly.
Filing History
IRS 990 filing history for Asset India Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Asset India Foundation's revenue has grown by 27576.3%, moving from $17K to $4.8M. Total assets decreased by 52.5% over the same period, from $162K to $77K. Total functional expenses rose by 30804%, from $15K to $4.7M. In its most recent filing year (2023), Asset India Foundation reported a surplus of $77K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.8M | $4.7M | $77K | $0 | — | View 990 |
| 2022 | $63K | $73K | $1 | $106 | — | View 990 |
| 2021 | $539K | $538K | $10K | $0 | — | View 990 |
| 2020 | $111K | $111K | $9K | $0 | — | — |
| 2019 | $25K | $14K | $31K | $0 | — | View 990 |
| 2018 | $2K | $6K | $19K | $0 | — | View 990 |
| 2016 | $8K | $55K | $29K | $0 | — | View 990 |
| 2015 | $39K | $60K | $76K | $0 | — | View 990 |
| 2014 | $7K | $39K | $96K | $0 | — | View 990 |
| 2013 | $4K | $83K | $97K | $0 | — | View 990 |
| 2012 | $32K | $19K | $176K | $0 | — | View 990 |
| 2011 | $17K | $15K | $162K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.8M, expenses of $4.7M, and assets of $77K (revenue +7505.5% year-over-year).
- 2022: Revenue of $63K, expenses of $73K, and assets of $1 (revenue -88.2% year-over-year).
- 2021: Revenue of $539K, expenses of $538K, and assets of $10K (revenue +385.3% year-over-year).
- 2020: Revenue of $111K, expenses of $111K, and assets of $9K (revenue +336.5% year-over-year).
- 2019: Revenue of $25K, expenses of $14K, and assets of $31K (revenue +1312.5% year-over-year).
- 2018: Revenue of $2K, expenses of $6K, and assets of $19K (revenue -78.5% year-over-year).
- 2016: Revenue of $8K, expenses of $55K, and assets of $29K (revenue -78.6% year-over-year).
- 2015: Revenue of $39K, expenses of $60K, and assets of $76K (revenue +446.4% year-over-year).
- 2014: Revenue of $7K, expenses of $39K, and assets of $96K (revenue +66.4% year-over-year).
- 2013: Revenue of $4K, expenses of $83K, and assets of $97K (revenue -86.8% year-over-year).
- 2012: Revenue of $32K, expenses of $19K, and assets of $176K (revenue +86.3% year-over-year).
- 2011: Revenue of $17K, expenses of $15K, and assets of $162K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Asset India Foundation:
Data Sources and Methodology
This transparency report for Asset India Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.