Mahadeva Fam Foundation Tr
Mahadeva Fam Foundation Tr consistently spends more than its annual revenue, drawing down on its multi-million dollar asset base.
EIN: 137437490 · Miami, FL · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $238K |
| Program Spending | 85% |
| Net Assets | $4.3M |
| Transparency Score | 75/100 |
Is Mahadeva Fam Foundation Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mahadeva Fam Foundation Tr directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mahadeva Fam Foundation Tr
Mahadeva Fam Foundation Tr (EIN: 137437490) is a nonprofit organization based in Miami, FL, classified under NTEE code T20. The organization reported total revenue of $2.2M and total assets of $6.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mahadeva Fam Foundation Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mahadeva Fam Foundation Tr is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 29.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $161K |
| Total Expenses | $238K |
| Surplus / Deficit | $-76,489 |
| Total Assets | $4.3M |
| Total Liabilities | $1 |
| Net Assets | $4.3M |
| Operating Margin | -47.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 216.0 months |
Financial Health Grade: B
In 2023, Mahadeva Fam Foundation Tr reported a deficit of $76K with expenses exceeding revenue, holds 216.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Mahadeva Fam Foundation Tr's revenue has grown at a compound annual growth rate (CAGR) of 29.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.2% | +20.6% | +1.4% |
| 2022 | -20.1% | -34.3% | -9.2% |
| 2021 | -11.5% | +19.9% | -6.1% |
| 2020 | -17.7% | +5.6% | -2.6% |
| 2019 | +365.9% | -8.6% | +2.0% |
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 Mahadeva Fam Foundation Tr with a Mission Score of 75 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Mahadeva Fam Foundation Tr allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $76K, 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 executive leadership is either unpaid or compensated through an affiliated entity, 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 Mahadeva Fam Foundation Tr's IRS 990 filings:
- Consistent expenses exceeding reported revenue in recent years (e.g., 2023: $237,765 expenses vs. $161,276 revenue), indicating reliance on asset drawdowns or unreported investment income.
- Lack of detailed expense breakdown in provided data makes it difficult to fully assess program vs. administrative spending efficiency.
Strengths
The following positive indicators were identified for Mahadeva Fam Foundation Tr:
- Strong asset base ($4,278,833 in 2023) providing long-term financial stability.
- Minimal liabilities ($1 in recent years) indicating excellent financial health and low debt burden.
- 0% officer compensation reported across all filings, suggesting high efficiency in executive overhead.
- Consistent filing history demonstrates transparency and compliance with IRS regulations.
Frequently Asked Questions about Mahadeva Fam Foundation Tr
Is Mahadeva Fam Foundation Tr a legitimate charity?
Mahadeva Fam Foundation Tr (EIN: 137437490) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.2M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Mahadeva Fam Foundation Tr spend its money?
Mahadeva Fam Foundation Tr directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Mahadeva Fam Foundation Tr tax-deductible?
Mahadeva Fam Foundation Tr is registered as a tax-exempt nonprofit (EIN: 137437490). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mahadeva Fam Foundation Tr's spending goes to programs?
Mahadeva Fam Foundation Tr directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mahadeva Fam Foundation Tr compare to similar nonprofits?
With a transparency score of 75/100 (Good), Mahadeva Fam Foundation Tr 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 Mahadeva Fam Foundation Tr located?
Mahadeva Fam Foundation Tr is headquartered in Miami, Florida and files with the IRS under EIN 137437490. It is classified under NTEE code T20.
How many years of IRS 990 filings does Mahadeva Fam Foundation Tr have?
Mahadeva Fam Foundation Tr 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 $2.2M in total revenue.
How does the foundation manage to consistently spend more than its annual revenue without significantly depleting its assets?
This is common for private foundations that rely on investment returns from their endowment. The 'Revenue' figure often represents contributions and grants, while investment income (realized and unrealized gains) may be reported separately or contribute to asset growth, allowing for consistent spending.
What are the specific program areas or grantees supported by the Mahadeva Fam Foundation Tr?
The provided data does not detail specific program areas or grantees. Further investigation into the foundation's IRS Form 990-PF (if applicable) or website would be necessary to understand its philanthropic focus.
What is the operational structure given the 0% officer compensation?
The 0% officer compensation suggests a volunteer-led executive team or that administrative functions and compensation are handled by an affiliated entity or through contracted services, rather than direct employee salaries for officers.
Filing History
IRS 990 filing history for Mahadeva Fam Foundation Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Mahadeva Fam Foundation Tr's revenue has grown by 2150.9%, moving from $7K to $161K. Total assets decreased by 2% over the same period, from $4.4M to $4.3M. Total functional expenses fell by 15.5%, from $282K to $238K. In its most recent filing year (2023), Mahadeva Fam Foundation Tr reported a deficit of $76K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $161K | $238K | $4.3M | $1 | — | — |
| 2022 | $200K | $197K | $4.2M | $1 | — | View 990 |
| 2021 | $250K | $300K | $4.6M | $1 | — | View 990 |
| 2020 | $282K | $250K | $5.0M | $1 | — | View 990 |
| 2019 | $343K | $237K | $5.1M | $1 | — | — |
| 2015 | $74K | $259K | $5.0M | $1 | — | View 990 |
| 2014 | $852K | $283K | $5.1M | $1 | — | View 990 |
| 2013 | $10K | $277K | $3.8M | $0 | — | View 990 |
| 2012 | $8K | $284K | $4.1M | $0 | — | View 990 |
| 2011 | $7K | $282K | $4.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $161K, expenses of $238K, and assets of $4.3M (revenue -19.2% year-over-year).
- 2022: Revenue of $200K, expenses of $197K, and assets of $4.2M (revenue -20.1% year-over-year).
- 2021: Revenue of $250K, expenses of $300K, and assets of $4.6M (revenue -11.5% year-over-year).
- 2020: Revenue of $282K, expenses of $250K, and assets of $5.0M (revenue -17.7% year-over-year).
- 2019: Revenue of $343K, expenses of $237K, and assets of $5.1M (revenue +365.9% year-over-year).
- 2015: Revenue of $74K, expenses of $259K, and assets of $5.0M (revenue -91.4% year-over-year).
- 2014: Revenue of $852K, expenses of $283K, and assets of $5.1M (revenue +8246.4% year-over-year).
- 2013: Revenue of $10K, expenses of $277K, and assets of $3.8M (revenue +23.4% year-over-year).
- 2012: Revenue of $8K, expenses of $284K, and assets of $4.1M (revenue +15.5% year-over-year).
- 2011: Revenue of $7K, expenses of $282K, and assets of $4.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mahadeva Fam Foundation Tr:
Data Sources and Methodology
This transparency report for Mahadeva Fam Foundation Tr 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.