Hasmukh And Gita Rama Foundation
EIN: 453772669 · Greenville, SC · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $5.8M |
| Total Expenses | $872K |
| Net Assets | $14.1M |
Is Hasmukh And Gita Rama Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hasmukh And Gita Rama Foundation
Hasmukh And Gita Rama Foundation (EIN: 453772669) is a nonprofit organization based in Greenville, SC, classified under NTEE code T20. The organization reported total revenue of $5.8M and total assets of $18.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hasmukh And Gita Rama Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hasmukh And Gita Rama Foundation is a mid-size nonprofit that has been operating for 14 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 231.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $872K |
| Surplus / Deficit | +$909K |
| Total Assets | $16.0M |
| Total Liabilities | $1.9M |
| Net Assets | $14.1M |
| Operating Margin | 51.0% |
| Debt-to-Asset Ratio | 11.7% |
| Months of Reserves | 219.7 months |
Financial Health Grade: A
In 2023, Hasmukh And Gita Rama Foundation reported a surplus of $909K with revenue exceeding expenses, holds 219.7 months of operating reserves (strong position), has a debt-to-asset ratio of 11.7% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Hasmukh And Gita Rama Foundation's revenue has grown at a compound annual growth rate (CAGR) of 231.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -40.6% | -24.2% | -2.2% |
| 2022 | +681.6% | -3.1% | +19.5% |
| 2020 | -125.2% | -69.8% | -1.4% |
| 2019 | -98.6% | +25395.7% | +123.4% |
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 Analysis Pending
AI enrichment for Hasmukh And Gita Rama Foundation 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 Hasmukh And Gita Rama Foundation 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 surplus of $909K, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.7%.
Frequently Asked Questions about Hasmukh And Gita Rama Foundation
Is Hasmukh And Gita Rama Foundation a legitimate charity?
Hasmukh And Gita Rama Foundation (EIN: 453772669) is a registered tax-exempt nonprofit based in South Carolina. It has 10 years of IRS 990 filings on record. Total revenue: $5.8M. No red flags identified. Financial health grade: A.
How does Hasmukh And Gita Rama Foundation spend its money?
Hasmukh And Gita Rama Foundation reported $5.8M in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Hasmukh And Gita Rama Foundation tax-deductible?
Hasmukh And Gita Rama Foundation is registered as a tax-exempt nonprofit (EIN: 453772669). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hasmukh And Gita Rama Foundation located?
Hasmukh And Gita Rama Foundation is headquartered in Greenville, South Carolina and files with the IRS under EIN 453772669. It is classified under NTEE code T20.
How many years of IRS 990 filings does Hasmukh And Gita Rama Foundation have?
Hasmukh And Gita Rama Foundation has 10 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 $5.8M in total revenue.
Filing History
IRS 990 filing history for Hasmukh And Gita Rama Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Hasmukh And Gita Rama Foundation's revenue has grown by 178104900%, moving from $1 to $1.8M. Total assets increased by 1597112700% over the same period, from $1 to $16.0M. In its most recent filing year (2023), Hasmukh And Gita Rama Foundation reported a surplus of $909K, with revenue exceeding expenses. The organization holds $1.9M in liabilities against $16.0M in assets (debt-to-asset ratio: 11.7%), resulting in net assets of $14.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $872K | $16.0M | $1.9M | — | — |
| 2022 | $3.0M | $1.2M | $16.3M | $1.8M | — | — |
| 2021 | $384K | $1.2M | $13.7M | $930K | — | View 990 |
| 2020 | $-18,720 | $166K | $13.5M | $5K | — | View 990 |
| 2019 | $74K | $548K | $13.7M | $11K | — | — |
| 2015 | $5.3M | $2K | $6.2M | $1 | — | View 990 |
| 2014 | $900K | $0 | $902K | $1 | — | View 990 |
| 2013 | $1K | $0 | $2K | $1 | — | View 990 |
| 2012 | $2K | $550 | $1K | $0 | — | View 990 |
| 2011 | $1 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $872K, and assets of $16.0M (revenue -40.6% year-over-year).
- 2022: Revenue of $3.0M, expenses of $1.2M, and assets of $16.3M (revenue +681.6% year-over-year).
- 2021: Revenue of $384K, expenses of $1.2M, and assets of $13.7M.
- 2020: Revenue of $-18,720, expenses of $166K, and assets of $13.5M (revenue -125.2% year-over-year).
- 2019: Revenue of $74K, expenses of $548K, and assets of $13.7M (revenue -98.6% year-over-year).
- 2015: Revenue of $5.3M, expenses of $2K, and assets of $6.2M (revenue +483.3% year-over-year).
- 2014: Revenue of $900K, expenses of $0, and assets of $902K (revenue +89900.0% year-over-year).
- 2013: Revenue of $1K, expenses of $0, and assets of $2K (revenue -50.0% year-over-year).
- 2012: Revenue of $2K, expenses of $550, and assets of $1K (revenue +199900.0% year-over-year).
- 2011: Revenue of $1, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hasmukh And Gita Rama Foundation:
Data Sources and Methodology
This transparency report for Hasmukh And Gita Rama 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.