Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin
EIN: 823755232 · Tampa, FL · NTEE: B90
| Metric | Value |
|---|---|
| Total Revenue | $80.1M |
| Total Expenses | $16.5M |
| Net Assets | $19.9M |
Is Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin
Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin (EIN: 823755232) is a nonprofit organization based in Tampa, FL, classified under NTEE code B90. The organization reported total revenue of $80.1M and total assets of $281.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin is a major nonprofit that has been operating for 8 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 32.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.3M |
| Total Expenses | $16.5M |
| Surplus / Deficit | $-2,215,666 |
| Total Assets | $278.1M |
| Total Liabilities | $258.2M |
| Net Assets | $19.9M |
| Operating Margin | -15.5% |
| Debt-to-Asset Ratio | 92.8% |
| Months of Reserves | 202.3 months |
Financial Health Grade: C
In 2023, Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin reported a deficit of $2.2M with expenses exceeding revenue, holds 202.3 months of operating reserves (strong position), has a debt-to-asset ratio of 92.8% (high leverage).
Financial Trends
Over 5 years of filings (2019–2023), Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin's revenue has grown at a compound annual growth rate (CAGR) of 32.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +129.1% | -28.5% | -2.7% |
| 2022 | -70.0% | -6.7% | -10.1% |
| 2020 | -277.6% | -82.7% | -32.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 92.8%.
Frequently Asked Questions about Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin
Is Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin a legitimate charity?
Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin (EIN: 823755232) is a registered tax-exempt nonprofit based in Florida. It has 5 years of IRS 990 filings on record. Total revenue: $80.1M. No red flags identified. Financial health grade: C.
How does Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin spend its money?
Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin reported $80.1M in total revenue in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin tax-deductible?
Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin is registered as a tax-exempt nonprofit (EIN: 823755232). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin located?
Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin is headquartered in Tampa, Florida and files with the IRS under EIN 823755232. It is classified under NTEE code B90.
How many years of IRS 990 filings does Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin have?
Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin has 5 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 $80.1M in total revenue.
Filing History
IRS 990 filing history for Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin's revenue has grown by 210.8%, moving from $4.6M to $14.3M. Total assets decreased by 9.5% over the same period, from $307.3M to $278.1M. Total functional expenses fell by 78%, from $74.9M to $16.5M. In its most recent filing year (2023), Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin reported a deficit of $2.2M, with expenses exceeding revenue. The organization holds $258.2M in liabilities against $278.1M in assets (debt-to-asset ratio: 92.8%), resulting in net assets of $19.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.3M | $16.5M | $278.1M | $258.2M | — | — |
| 2022 | $6.2M | $23.1M | $285.9M | $265.6M | — | View 990 |
| 2021 | $20.8M | $24.7M | $318.2M | $270.7M | — | View 990 |
| 2020 | $-8,161,100 | $13.0M | $207.5M | $174.8M | — | — |
| 2019 | $4.6M | $74.9M | $307.3M | $257.5M | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $14.3M, expenses of $16.5M, and assets of $278.1M (revenue +129.1% year-over-year).
- 2022: Revenue of $6.2M, expenses of $23.1M, and assets of $285.9M (revenue -70.0% year-over-year).
- 2021: Revenue of $20.8M, expenses of $24.7M, and assets of $318.2M.
- 2020: Revenue of $-8,161,100, expenses of $13.0M, and assets of $207.5M (revenue -277.6% year-over-year).
- 2019: Revenue of $4.6M, expenses of $74.9M, and assets of $307.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin:
Data Sources and Methodology
This transparency report for Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin 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.