Bhutada Family Foundation
Bhutada Family Foundation shows substantial asset growth to over $9 million, maintaining minimal liabilities and zero officer compensation.
EIN: 202051596 · Houston, TX · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.2M |
| Total Expenses | $246K |
| Program Spending | 85% |
| Net Assets | $2.3M |
| Transparency Score | 85/100 |
Is Bhutada Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bhutada Family Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bhutada Family Foundation
Bhutada Family Foundation (EIN: 202051596) is a nonprofit organization based in Houston, TX, classified under NTEE code T22. The organization reported total revenue of $6.2M and total assets of $9.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bhutada Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bhutada Family Foundation is a mid-size nonprofit that has been operating for 21 years, with 9 years of IRS 990 filings on record (2011–2022).
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $176K |
| Total Expenses | $246K |
| Surplus / Deficit | $-70,497 |
| Total Assets | $2.3M |
| Total Liabilities | $1 |
| Net Assets | $2.3M |
| Operating Margin | -40.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 111.2 months |
Financial Health Grade: B
In 2022, Bhutada Family Foundation reported a deficit of $70K with expenses exceeding revenue, holds 111.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +0.0% | +191.0% | -3.0% |
| 2021 | -20.0% | -57.8% | +4.0% |
| 2020 | +66.7% | +27.6% | +0.9% |
| 2019 | -29.2% | -10.3% | +0.4% |
| 2015 | +22.8% | +13.8% | +15.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Bhutada 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Bhutada Family Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $70K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the foundation's leadership is either unpaid or compensated through other means not reported as officer compensation, which is highly favorable for a foundation of its size.
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 Bhutada Family Foundation's IRS 990 filings:
- Lack of detailed functional expense breakdown in provided data makes it hard to fully assess program efficiency.
Strengths
The following positive indicators were identified for Bhutada Family Foundation:
- Consistent zero officer compensation across all filings, indicating efficient use of funds.
- Strong asset growth from approximately $2 million to over $9 million, enhancing long-term sustainability.
- Minimal liabilities ($0 or $1) consistently reported, demonstrating sound financial management.
- Long history of IRS 990 filings (9 filings), indicating consistent compliance and transparency.
Frequently Asked Questions about Bhutada Family Foundation
Is Bhutada Family Foundation a legitimate charity?
Bhutada Family Foundation (EIN: 202051596) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 85/100. It has 9 years of IRS 990 filings on record. Total revenue: $6.2M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Bhutada Family Foundation spend its money?
Bhutada Family Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Bhutada Family Foundation tax-deductible?
Bhutada Family Foundation is registered as a tax-exempt nonprofit (EIN: 202051596). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bhutada Family Foundation's spending goes to programs?
Bhutada Family Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bhutada Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Bhutada Family Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bhutada Family Foundation located?
Bhutada Family Foundation is headquartered in Houston, Texas and files with the IRS under EIN 202051596. It is classified under NTEE code T22.
How many years of IRS 990 filings does Bhutada Family Foundation have?
Bhutada Family Foundation has 9 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 $6.2M in total revenue.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided IRS 990 data does not offer a detailed functional expense breakdown, making it difficult to ascertain the exact percentages allocated to programs, administration, and fundraising. However, the consistent zero officer compensation suggests a lean operational model.
How does the foundation manage its operations with zero officer compensation?
The consistent reporting of zero officer compensation suggests that the foundation likely relies on volunteer leadership, pro bono services, or that compensation is structured in a way not reported under 'officer compensation' on the 990 form. This indicates a potentially very efficient use of funds.
What caused the significant increase in revenue to $6,184,625 and assets to $9,176,516 in the latest period?
The data indicates a substantial increase in revenue and assets in the latest period, likely due to significant contributions or investment gains. This growth positions the foundation for increased grantmaking capacity.
Filing History
IRS 990 filing history for Bhutada Family Foundation showing financial trends over 9 years of public records:
Total assets increased by 11.3% over the same period, from $2.1M to $2.3M. Total functional expenses rose by 72.6%, from $143K to $246K. In its most recent filing year (2022), Bhutada Family Foundation reported a deficit of $70K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $176K | $246K | $2.3M | $1 | — | View 990 |
| 2021 | $176K | $85K | $2.4M | $1 | — | View 990 |
| 2020 | $220K | $201K | $2.3M | $1 | — | — |
| 2019 | $132K | $157K | $2.2M | $1 | — | — |
| 2015 | $187K | $175K | $2.2M | $1 | — | View 990 |
| 2014 | $152K | $154K | $1.9M | $0 | — | View 990 |
| 2013 | $111K | $202K | $1.9M | $0 | — | View 990 |
| 2012 | $132K | $158K | $2.0M | $0 | — | View 990 |
| 2011 | $-165,258 | $143K | $2.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $176K, expenses of $246K, and assets of $2.3M (revenue +0.0% year-over-year).
- 2021: Revenue of $176K, expenses of $85K, and assets of $2.4M (revenue -20.0% year-over-year).
- 2020: Revenue of $220K, expenses of $201K, and assets of $2.3M (revenue +66.7% year-over-year).
- 2019: Revenue of $132K, expenses of $157K, and assets of $2.2M (revenue -29.2% year-over-year).
- 2015: Revenue of $187K, expenses of $175K, and assets of $2.2M (revenue +22.8% year-over-year).
- 2014: Revenue of $152K, expenses of $154K, and assets of $1.9M (revenue +37.2% year-over-year).
- 2013: Revenue of $111K, expenses of $202K, and assets of $1.9M (revenue -16.4% year-over-year).
- 2012: Revenue of $132K, expenses of $158K, and assets of $2.0M.
- 2011: Revenue of $-165,258, expenses of $143K, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bhutada Family Foundation:
Data Sources and Methodology
This transparency report for Bhutada 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.