Bharat Family Foundation
Bharat Family Foundation shows consistent asset growth and zero reported officer compensation over a decade.
EIN: 208037904 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
Is Bharat Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bharat Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bharat Family Foundation
Bharat Family Foundation (EIN: 208037904) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $26.5M and total assets of $31.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bharat Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bharat Family Foundation is a large nonprofit that has been operating for 17 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$916K |
| Total Assets | $12.7M |
| Total Liabilities | $1 |
| Net Assets | $12.7M |
| Operating Margin | 42.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 121.7 months |
Financial Health Grade: A
In 2023, Bharat Family Foundation reported a surplus of $916K with revenue exceeding expenses, holds 121.7 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), Bharat Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +107.6% | -12.2% | +7.8% |
| 2022 | -46.3% | +292.3% | +1.2% |
| 2021 | +307.2% | +648.9% | +15.9% |
| 2020 | -84.7% | -97.7% | +4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Bharat Family 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Bharat Family Foundation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 $916K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of this size and suggests a volunteer-led or externally managed structure.
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 Bharat Family Foundation's IRS 990 filings:
- Negative revenue reported in 2015 (-$46,237) without immediate explanation.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided summary, hindering granular efficiency analysis.
Strengths
The following positive indicators were identified for Bharat Family Foundation:
- Consistent asset growth over a decade, from $7.37 million in 2011 to $12.69 million in 2023.
- Zero reported officer compensation across all filings, indicating high efficiency in executive overhead.
- Minimal liabilities consistently reported ($1), demonstrating strong financial stability.
- Consistent filing of IRS Form 990s, indicating good transparency and compliance.
Frequently Asked Questions about Bharat Family Foundation
Is Bharat Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Bharat Family Foundation (EIN: 208037904) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Bharat Family Foundation spend its money?
Bharat Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bharat Family Foundation tax-deductible?
Bharat Family Foundation is registered as a tax-exempt nonprofit (EIN: 208037904). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Bharat Family Foundation manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the foundation may be entirely volunteer-run at the executive level, or that executive services are provided pro bono, or compensated through an external entity not reported on the 990 as officer compensation. This is a significant factor in its financial efficiency.
What caused the negative revenue reported in 2015?
The 2015 filing shows revenue of -46,237. This could be due to investment losses, significant returns of contributions, or accounting adjustments. A detailed review of the 2015 Form 990, Part VIII (Statement of Revenue) would be necessary to understand the specific cause.
What is the primary focus of the grants made by the foundation?
As a Private Grantmaking Foundation (NTEE T20), its primary activity is making grants. To understand the mission impact, one would need to review Schedule I (Grants and Other Assistance to Organizations, Governments, and Individuals) of the 990 forms to see the recipients and purposes of these grants.
Filing History
IRS 990 filing history for Bharat Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Bharat Family Foundation's revenue has grown by 102.8%, moving from $1.1M to $2.2M. Total assets increased by 72.1% over the same period, from $7.4M to $12.7M. Total functional expenses rose by 265.8%, from $342K to $1.3M. In its most recent filing year (2023), Bharat Family Foundation reported a surplus of $916K, with revenue exceeding expenses. The organization holds $1 in liabilities against $12.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $12.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $1.3M | $12.7M | $1 | — | View 990 |
| 2022 | $1.0M | $1.4M | $11.8M | $1 | — | View 990 |
| 2021 | $1.9M | $363K | $11.6M | $1 | — | View 990 |
| 2020 | $478K | $48K | $10.0M | $1 | — | View 990 |
| 2019 | $3.1M | $2.1M | $9.6M | $1 | — | View 990 |
| 2015 | $-46,237 | $515K | $6.3M | $1 | — | View 990 |
| 2014 | $282K | $455K | $6.9M | $1 | — | View 990 |
| 2013 | $155K | $375K | $7.1M | $0 | — | View 990 |
| 2012 | $56K | $354K | $7.1M | $1 | — | View 990 |
| 2011 | $1.1M | $342K | $7.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $1.3M, and assets of $12.7M (revenue +107.6% year-over-year).
- 2022: Revenue of $1.0M, expenses of $1.4M, and assets of $11.8M (revenue -46.3% year-over-year).
- 2021: Revenue of $1.9M, expenses of $363K, and assets of $11.6M (revenue +307.2% year-over-year).
- 2020: Revenue of $478K, expenses of $48K, and assets of $10.0M (revenue -84.7% year-over-year).
- 2019: Revenue of $3.1M, expenses of $2.1M, and assets of $9.6M.
- 2015: Revenue of $-46,237, expenses of $515K, and assets of $6.3M (revenue -116.4% year-over-year).
- 2014: Revenue of $282K, expenses of $455K, and assets of $6.9M (revenue +82.6% year-over-year).
- 2013: Revenue of $155K, expenses of $375K, and assets of $7.1M (revenue +177.3% year-over-year).
- 2012: Revenue of $56K, expenses of $354K, and assets of $7.1M (revenue -94.8% year-over-year).
- 2011: Revenue of $1.1M, expenses of $342K, and assets of $7.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bharat Family Foundation:
Data Sources and Methodology
This transparency report for Bharat Family 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.