Desai Family Foundation Inc
Desai Family Foundation operates with minimal revenue and no officer compensation, showing inconsistent financial activity.
EIN: 208554851 · Lexington, KY · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $102 |
| Total Expenses | $993 |
| Program Spending | 70% |
| Net Assets | $20K |
| Transparency Score | 65/100 |
Is Desai Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Desai Family Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Desai Family Foundation Inc
Desai Family Foundation Inc (EIN: 208554851) is a nonprofit organization based in Lexington, KY, classified under NTEE code T20. The organization reported total revenue of $102 and total assets of $20K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Desai Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Desai Family Foundation Inc is a micro nonprofit that has been operating for 14 years, with 9 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 32.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $85 |
| Total Expenses | $993 |
| Surplus / Deficit | $-908 |
| Total Assets | $20K |
| Total Liabilities | $1 |
| Net Assets | $20K |
| Operating Margin | -1068.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 242.6 months |
Financial Health Grade: B
In 2023, Desai Family Foundation Inc reported a deficit of $908 with expenses exceeding revenue, holds 242.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2023), Desai Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 32.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -99.5% | +1111.0% | -4.3% |
| 2022 | +566633.3% | -94.5% | +416.0% |
| 2021 | -99.3% | +78.2% | -26.9% |
| 2020 | +1200.0% | +33.1% | -7.3% |
| 2019 | +1450.0% | +100.3% | +87.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
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 Desai Family 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Desai Family Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $908, 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 are paid to executives, which is appropriate given its extremely small scale and revenue.
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 Desai Family Foundation Inc's IRS 990 filings:
- Extremely low and inconsistent annual revenue (e.g., $85 in 2023, $102 latest) makes financial planning difficult.
- Expenses frequently exceed revenue (e.g., $993 expenses vs. $85 revenue in 2023), indicating potential reliance on asset depletion or infrequent large donations.
Strengths
The following positive indicators were identified for Desai Family Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of limited funds and volunteer leadership.
- Consistent filing of IRS Form 990, demonstrating a commitment to transparency despite minimal financial activity.
Frequently Asked Questions about Desai Family Foundation Inc
Is Desai Family Foundation Inc a legitimate charity?
Desai Family Foundation Inc (EIN: 208554851) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 65/100. It has 9 years of IRS 990 filings on record. Total revenue: $102. 2 red flags identified. 2 strengths noted. Financial health grade: B.
How does Desai Family Foundation Inc spend its money?
Desai Family Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Desai Family Foundation Inc tax-deductible?
Desai Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208554851). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Desai Family Foundation Inc's spending goes to programs?
Desai Family Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Desai Family Foundation Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Desai Family Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Desai Family Foundation Inc located?
Desai Family Foundation Inc is headquartered in Lexington, Kentucky and files with the IRS under EIN 208554851. It is classified under NTEE code T20.
How many years of IRS 990 filings does Desai Family Foundation Inc have?
Desai Family Foundation Inc 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 $102 in total revenue.
What are the primary activities or programs of the Desai Family Foundation Inc, given its minimal revenue?
The IRS 990 data alone does not detail specific program activities. Given the very low revenue (e.g., $85 in 2023, $102 latest), it's likely that any programs are very small-scale, volunteer-driven, or funded by specific, infrequent donations not reflected in consistent annual revenue.
How does the organization sustain itself with such low and inconsistent revenue?
The organization's assets have fluctuated but remained relatively stable (e.g., $19,606 latest, $20,079 in 2023). It appears to draw on these assets or receive infrequent, larger contributions (like the $17,002 in 2022) to cover expenses, as annual expenses often exceed annual revenue.
Is the Desai Family Foundation Inc financially stable?
While it maintains some assets, its financial stability is questionable due to extremely low and inconsistent annual revenue, and expenses frequently exceeding income. This suggests a reliance on existing capital rather than sustainable operational income.
Filing History
IRS 990 filing history for Desai Family Foundation Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), Desai Family Foundation Inc's revenue has grown by 2025%, moving from $4 to $85. Total assets increased by 331.5% over the same period, from $5K to $20K. Total functional expenses fell by 33.7%, from $1K to $993. In its most recent filing year (2023), Desai Family Foundation Inc reported a deficit of $908, with expenses exceeding revenue. The organization holds $1 in liabilities against $20K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $20K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $85 | $993 | $20K | $1 | — | — |
| 2022 | $17K | $82 | $21K | $1 | — | — |
| 2021 | $3 | $1K | $4K | $1 | — | — |
| 2020 | $403 | $840 | $6K | $1 | — | — |
| 2019 | $31 | $631 | $6K | $1 | — | View 990 |
| 2015 | $2 | $315 | $3K | $0 | — | View 990 |
| 2014 | $3 | $288 | $4K | $0 | — | View 990 |
| 2013 | $3 | $851 | $4K | $0 | — | View 990 |
| 2012 | $4 | $1K | $5K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $85, expenses of $993, and assets of $20K (revenue -99.5% year-over-year).
- 2022: Revenue of $17K, expenses of $82, and assets of $21K (revenue +566633.3% year-over-year).
- 2021: Revenue of $3, expenses of $1K, and assets of $4K (revenue -99.3% year-over-year).
- 2020: Revenue of $403, expenses of $840, and assets of $6K (revenue +1200.0% year-over-year).
- 2019: Revenue of $31, expenses of $631, and assets of $6K (revenue +1450.0% year-over-year).
- 2015: Revenue of $2, expenses of $315, and assets of $3K (revenue -33.3% year-over-year).
- 2014: Revenue of $3, expenses of $288, and assets of $4K (revenue +0.0% year-over-year).
- 2013: Revenue of $3, expenses of $851, and assets of $4K (revenue -25.0% year-over-year).
- 2012: Revenue of $4, expenses of $1K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Desai Family Foundation Inc:
Data Sources and Methodology
This transparency report for Desai Family 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.