Bhai Jaita Foundation Inc
Bhai Jaita Foundation Inc shows highly volatile revenue and expense patterns with zero reported officer compensation.
EIN: 203863405 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
Is Bhai Jaita Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bhai Jaita Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bhai Jaita Foundation Inc
Bhai Jaita Foundation Inc (EIN: 203863405) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $1.1M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bhai Jaita Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bhai Jaita Foundation Inc is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 70.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $57K |
| Total Expenses | $97K |
| Surplus / Deficit | $-40,154 |
| Total Assets | $1.6M |
| Total Liabilities | $1 |
| Net Assets | $1.6M |
| Operating Margin | -70.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 199.0 months |
Financial Health Grade: B
In 2023, Bhai Jaita Foundation Inc reported a deficit of $40K with expenses exceeding revenue, holds 199.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Bhai Jaita Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 70.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -47.4% | -87.6% | -2.4% |
| 2022 | -94.1% | +1222.6% | -29.0% |
| 2021 | +231.5% | -86.7% | +314.9% |
| 2020 | +1572.8% | +270.7% | +23.3% |
| 2019 | +65760.0% | +1739.5% | -23.2% |
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 Bhai Jaita Foundation Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Bhai Jaita Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $40K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its executives, which is highly favorable for donor perception and resource allocation.
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 Bhai Jaita Foundation Inc's IRS 990 filings:
- Extreme revenue volatility, making financial stability unpredictable (e.g., $1.8M in 2021 vs. $57K in 2023).
- Significant operational deficits in multiple years (e.g., 2022 expenses of $783,915 against revenue of $108,439).
- Unusual and consistent reporting of $1 in liabilities across all filings, which may indicate reporting inconsistencies.
- Asset base has declined significantly from its peak of $2.3M in 2021 to $1.6M in 2023, potentially due to covering operational deficits.
Strengths
The following positive indicators were identified for Bhai Jaita Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for executive salaries.
- Maintained a substantial asset base of $1,624,939, providing some financial cushion despite revenue fluctuations.
Frequently Asked Questions about Bhai Jaita Foundation Inc
Is Bhai Jaita Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bhai Jaita Foundation Inc (EIN: 203863405) some concerns. Mission Score: 65/100. 4 red flags identified, 2 strengths noted.
How does Bhai Jaita Foundation Inc spend its money?
Bhai Jaita Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bhai Jaita Foundation Inc tax-deductible?
Bhai Jaita Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203863405). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the extreme revenue fluctuations, such as the drop from $1,825,839 in 2021 to $57,059 in 2023?
The IRS 990 data alone does not specify the exact causes, but such volatility often points to reliance on large, infrequent grants or donations, or significant changes in fundraising capacity.
How does the organization cover significant expense deficits, like the $675,476 difference in 2022?
These deficits are likely covered by drawing down on accumulated assets from prior profitable years, such as the substantial revenue in 2021, or through other non-operating income not detailed in this summary.
Why are liabilities consistently reported as $1 across all filings?
This is an unusual reporting pattern that could indicate an error in financial reporting, a specific accounting practice, or that the organization genuinely has minimal formal liabilities. It warrants clarification from the organization.
Filing History
IRS 990 filing history for Bhai Jaita Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Bhai Jaita Foundation Inc's revenue has grown by 59336.5%, moving from $96 to $57K. Total assets increased by 86% over the same period, from $867K to $1.6M. Total functional expenses rose by 62.8%, from $60K to $97K. In its most recent filing year (2023), Bhai Jaita Foundation Inc reported a deficit of $40K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $57K | $97K | $1.6M | $1 | — | View 990 |
| 2022 | $108K | $784K | $1.7M | $1 | — | View 990 |
| 2021 | $1.8M | $59K | $2.3M | $1 | — | View 990 |
| 2020 | $551K | $445K | $561K | $1 | — | — |
| 2019 | $33K | $120K | $455K | $1 | — | — |
| 2015 | $50 | $7K | $593K | $1 | — | View 990 |
| 2014 | $326 | $90K | $599K | $1 | — | View 990 |
| 2013 | $73 | $112K | $689K | $1 | — | View 990 |
| 2012 | $61 | $66K | $801K | $1 | — | View 990 |
| 2011 | $96 | $60K | $867K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $57K, expenses of $97K, and assets of $1.6M (revenue -47.4% year-over-year).
- 2022: Revenue of $108K, expenses of $784K, and assets of $1.7M (revenue -94.1% year-over-year).
- 2021: Revenue of $1.8M, expenses of $59K, and assets of $2.3M (revenue +231.5% year-over-year).
- 2020: Revenue of $551K, expenses of $445K, and assets of $561K (revenue +1572.8% year-over-year).
- 2019: Revenue of $33K, expenses of $120K, and assets of $455K (revenue +65760.0% year-over-year).
- 2015: Revenue of $50, expenses of $7K, and assets of $593K (revenue -84.7% year-over-year).
- 2014: Revenue of $326, expenses of $90K, and assets of $599K (revenue +346.6% year-over-year).
- 2013: Revenue of $73, expenses of $112K, and assets of $689K (revenue +19.7% year-over-year).
- 2012: Revenue of $61, expenses of $66K, and assets of $801K (revenue -36.5% year-over-year).
- 2011: Revenue of $96, expenses of $60K, and assets of $867K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bhai Jaita Foundation Inc:
Data Sources and Methodology
This transparency report for Bhai Jaita Foundation Inc 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.