India Foundation
India Foundation shows highly volatile revenue and expenses, with significant asset growth and no reported officer compensation.
EIN: 200416710 · Hope Mills, NC · NTEE: P20 · Updated: 2026-03-28
Is India Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
India Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About India Foundation
India Foundation (EIN: 200416710) is a nonprofit organization based in Hope Mills, NC, classified under NTEE code P20. The organization reported total revenue of $250K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of India Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
India Foundation is a small nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 20.2%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $410K |
| Total Expenses | $11K |
| Surplus / Deficit | +$399K |
| Total Assets | $1.6M |
| Net Assets | $1.6M |
| Operating Margin | 97.3% |
| Months of Reserves | 1751.8 months |
Financial Health Grade: A
In 2022, India Foundation reported a surplus of $399K with revenue exceeding expenses, holds 1751.8 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2022), India Foundation's revenue has grown at a compound annual growth rate (CAGR) of 20.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +36186.0% | -53.6% | +33.3% |
| 2021 | -99.7% | +2.6% | -1.9% |
| 2020 | -45.7% | +443.6% | +46.5% |
| 2018 | -100.0% | -48.8% | -74.0% |
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 India Foundation 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, India Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 surplus of $399K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that no officers or key employees are receiving salaries from the organization, which is unusual for an organization with assets exceeding $1.5 million.
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 India Foundation's IRS 990 filings:
- Highly erratic revenue and expense patterns, making consistent financial analysis difficult.
- Extremely low expense figures in some years relative to revenue (e.g., $10,949 expenses on $410,395 revenue in 2022), raising questions about immediate program deployment of funds.
- Significant asset growth without clear corresponding program expenditures or consistent revenue streams.
- Consistent 0% officer compensation for an organization with substantial assets, which is unusual and could indicate reliance on unpaid leadership or alternative compensation structures not transparently reported.
Strengths
The following positive indicators were identified for India Foundation:
- Consistent reporting of 0% officer compensation, indicating no executive salaries are paid from the organization's funds.
- Significant asset growth over recent years, suggesting strong financial management in terms of asset accumulation.
- Low reported liabilities across most periods, indicating good financial solvency.
- Potential for high program spending efficiency in years where expenses are low relative to available funds, assuming funds are eventually deployed for mission.
Frequently Asked Questions about India Foundation
Is India Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, India Foundation (EIN: 200416710) some concerns. Mission Score: 65/100. 4 red flags identified, 4 strengths noted.
How does India Foundation spend its money?
India Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to India Foundation tax-deductible?
India Foundation is registered as a tax-exempt nonprofit (EIN: 200416710). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is India Foundation a good charity?
India Foundation demonstrates some positive aspects, such as 0% officer compensation and significant asset growth. However, the extreme volatility in revenue and expenses, coupled with very low expense figures in some years relative to revenue (e.g., $410,395 revenue vs. $10,949 expenses in 2022), makes it challenging to definitively assess its consistent program impact and operational efficiency. Donors should seek clarity on how the substantial assets are being deployed for its mission.
Why are expenses so low in some years compared to revenue?
In years like 2022, where revenue was $410,395 and expenses were only $10,949, the organization accumulated a significant surplus. This could indicate highly efficient operations, a focus on building reserves, or that a large portion of funds are being held for future projects rather than immediately spent on programs. Further details on program activities and expenditures would be needed to understand this pattern.
How did India Foundation's assets grow so much despite inconsistent revenue?
The organization's assets increased from $81,220 in 2018 to $1,598,350 in 2022. This growth, despite periods of low or no revenue, suggests significant investment gains, large one-time donations, or other non-operating income sources. The consistent reporting of very low expenses in several years also contributes to asset accumulation.
What is the organization's primary focus given its NTEE code P20?
NTEE code P20 typically refers to International, Foreign Affairs, and National Security organizations. Given the name 'India Foundation,' it likely focuses on issues related to India, potentially cultural exchange, development, or advocacy. However, the financial data alone does not provide specific program details.
Is the 0% officer compensation sustainable or indicative of volunteer leadership?
The consistent reporting of 0% officer compensation suggests that the organization is either entirely volunteer-run at the executive level or that executive salaries are being paid through other means not reported as officer compensation on the 990. While positive for minimizing overhead, for an organization managing over $1.5 million in assets, it raises questions about the long-term sustainability of leadership and professional management without compensation.
Filing History
IRS 990 filing history for India Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), India Foundation's revenue has grown by 659.4%, moving from $54K to $410K. Total assets increased by 81657% over the same period, from $2K to $1.6M. Total functional expenses fell by 81.6%, from $60K to $11K. In its most recent filing year (2022), India Foundation reported a surplus of $399K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $410K | $11K | $1.6M | $-190 | — | — |
| 2021 | $1K | $24K | $1.2M | $-190 | — | View 990 |
| 2020 | $411K | $23K | $1.2M | $853 | — | — |
| 2019 | $757K | $4K | $834K | $853 | — | View 990 |
| 2018 | $0 | $232K | $81K | $853 | — | View 990 |
| 2017 | $250K | $452K | $313K | $853 | — | View 990 |
| 2016 | $451K | $106K | $515K | $853 | — | View 990 |
| 2015 | $202K | $378K | $170K | $853 | — | View 990 |
| 2014 | $356K | $58K | $350K | $853 | — | View 990 |
| 2013 | $116K | $65K | $54K | $2K | — | View 990 |
| 2012 | $61K | $61K | $2K | $2K | — | View 990 |
| 2011 | $54K | $60K | $2K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $410K, expenses of $11K, and assets of $1.6M (revenue +36186.0% year-over-year).
- 2021: Revenue of $1K, expenses of $24K, and assets of $1.2M (revenue -99.7% year-over-year).
- 2020: Revenue of $411K, expenses of $23K, and assets of $1.2M (revenue -45.7% year-over-year).
- 2019: Revenue of $757K, expenses of $4K, and assets of $834K.
- 2018: Revenue of $0, expenses of $232K, and assets of $81K (revenue -100.0% year-over-year).
- 2017: Revenue of $250K, expenses of $452K, and assets of $313K (revenue -44.5% year-over-year).
- 2016: Revenue of $451K, expenses of $106K, and assets of $515K (revenue +123.3% year-over-year).
- 2015: Revenue of $202K, expenses of $378K, and assets of $170K (revenue -43.3% year-over-year).
- 2014: Revenue of $356K, expenses of $58K, and assets of $350K (revenue +207.9% year-over-year).
- 2013: Revenue of $116K, expenses of $65K, and assets of $54K (revenue +88.2% year-over-year).
- 2012: Revenue of $61K, expenses of $61K, and assets of $2K (revenue +13.7% year-over-year).
- 2011: Revenue of $54K, expenses of $60K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for India Foundation:
Data Sources and Methodology
This transparency report for India 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.