Harsha And Mukesh Desai Foundationinc
Harsha And Mukesh Desai Foundationinc consistently operates at a deficit, drawing down assets over time.
EIN: 203916540 · Owensboro, KY · NTEE: T21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10K |
| Total Expenses | $7K |
| Program Spending | 80% |
| Net Assets | $71K |
| Transparency Score | 65/100 |
Is Harsha And Mukesh Desai Foundationinc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Harsha And Mukesh Desai Foundationinc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harsha And Mukesh Desai Foundationinc
Harsha And Mukesh Desai Foundationinc (EIN: 203916540) is a nonprofit organization based in Owensboro, KY, classified under NTEE code T21. The organization reported total revenue of $10K and total assets of $75K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harsha And Mukesh Desai Foundationinc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harsha And Mukesh Desai Foundationinc is a micro nonprofit that has been operating for 20 years, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of -32.1%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $669 |
| Total Expenses | $7K |
| Surplus / Deficit | $-6,152 |
| Total Assets | $71K |
| Total Liabilities | $1 |
| Net Assets | $71K |
| Operating Margin | -919.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 125.4 months |
Financial Health Grade: B
In 2015, Harsha And Mukesh Desai Foundationinc reported a deficit of $6K with expenses exceeding revenue, holds 125.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2011–2015), Harsha And Mukesh Desai Foundationinc's revenue has declined at a compound annual growth rate (CAGR) of -32.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -83.6% | +7.9% | -11.5% |
| 2014 | +26.8% | +0.7% | -2.5% |
| 2013 | +1.5% | -0.8% | -6.8% |
| 2012 | +1.2% | -3.8% | -1.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Harsha And Mukesh Desai Foundationinc 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, Harsha And Mukesh Desai Foundationinc 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 (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $6K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all filings, indicating that its leadership is either unpaid or compensated through other means not categorized as officer compensation, which is a positive for minimizing overhead.
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 Harsha And Mukesh Desai Foundationinc's IRS 990 filings:
- Consistent deficit spending (expenses significantly exceed revenue in all reported periods)
- Declining asset base over time (from $89,511 in 2011 to $75,429 currently)
Strengths
The following positive indicators were identified for Harsha And Mukesh Desai Foundationinc:
- Zero reported officer compensation, indicating efficient use of funds at the leadership level
- Consistent filing of IRS 990 forms, demonstrating transparency
- Minimal liabilities reported ($0 or $1), suggesting good debt management
Frequently Asked Questions about Harsha And Mukesh Desai Foundationinc
Is Harsha And Mukesh Desai Foundationinc a legitimate charity?
Based on AI analysis of IRS 990 filings, Harsha And Mukesh Desai Foundationinc (EIN: 203916540) some concerns. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
How does Harsha And Mukesh Desai Foundationinc spend its money?
Harsha And Mukesh Desai Foundationinc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Harsha And Mukesh Desai Foundationinc tax-deductible?
Harsha And Mukesh Desai Foundationinc is registered as a tax-exempt nonprofit (EIN: 203916540). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Harsha And Mukesh Desai Foundationinc's spending goes to programs?
Harsha And Mukesh Desai Foundationinc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Harsha And Mukesh Desai Foundationinc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Harsha And Mukesh Desai Foundationinc is above average for NTEE category T21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Harsha And Mukesh Desai Foundationinc located?
Harsha And Mukesh Desai Foundationinc is headquartered in Owensboro, Kentucky and files with the IRS under EIN 203916540. It is classified under NTEE code T21.
How many years of IRS 990 filings does Harsha And Mukesh Desai Foundationinc have?
Harsha And Mukesh Desai Foundationinc 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 $10K in total revenue.
Is Harsha And Mukesh Desai Foundationinc a good charity?
The foundation demonstrates good transparency by filing its 990s and reports no officer compensation, which is positive. However, its consistent deficit spending, where expenses significantly outweigh revenue (e.g., $669 revenue vs. $6,821 expenses in 2015), raises concerns about long-term financial sustainability and reliance on its asset base.
How does the foundation sustain its operations with consistent deficits?
The foundation sustains its operations by drawing down its asset base. Its assets have decreased from $89,511 in 2011 to $75,429 currently, directly reflecting the difference between its revenues and expenses over the years.
Filing History
IRS 990 filing history for Harsha And Mukesh Desai Foundationinc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Harsha And Mukesh Desai Foundationinc's revenue has declined by 78.7%, moving from $3K to $669. Total assets decreased by 20.4% over the same period, from $90K to $71K. Total functional expenses rose by 3.7%, from $7K to $7K. In its most recent filing year (2015), Harsha And Mukesh Desai Foundationinc reported a deficit of $6K, with expenses exceeding revenue. The organization holds $1 in liabilities against $71K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $71K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $669 | $7K | $71K | $1 | — | View 990 |
| 2014 | $4K | $6K | $81K | $1 | — | View 990 |
| 2013 | $3K | $6K | $83K | $1 | — | View 990 |
| 2012 | $3K | $6K | $89K | $1 | — | View 990 |
| 2011 | $3K | $7K | $90K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $669, expenses of $7K, and assets of $71K (revenue -83.6% year-over-year).
- 2014: Revenue of $4K, expenses of $6K, and assets of $81K (revenue +26.8% year-over-year).
- 2013: Revenue of $3K, expenses of $6K, and assets of $83K (revenue +1.5% year-over-year).
- 2012: Revenue of $3K, expenses of $6K, and assets of $89K (revenue +1.2% year-over-year).
- 2011: Revenue of $3K, expenses of $7K, and assets of $90K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harsha And Mukesh Desai Foundationinc:
Data Sources and Methodology
This transparency report for Harsha And Mukesh Desai Foundationinc 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.