Reddy Foundation
Reddy Foundation shows volatile revenue and expenses but maintains strong assets with no officer compensation.
EIN: 133943919 · Summit, NJ · NTEE: T20J · Updated: 2026-03-28
Is Reddy Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Reddy Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Reddy Foundation
Reddy Foundation (EIN: 133943919) is a nonprofit organization based in Summit, NJ, classified under NTEE code T20J. The organization reported total revenue of $284K and total assets of $6.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Reddy Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Reddy Foundation 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Reddy Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
The Reddy Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly favorable for donor trust and resource allocation.
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 Reddy Foundation's IRS 990 filings:
- Significant year-over-year volatility in revenue and expenses, making financial forecasting challenging.
- Lack of detailed functional expense breakdown in summary data, hindering assessment of spending efficiency.
Strengths
The following positive indicators were identified for Reddy Foundation:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for leadership.
- Strong and growing asset base ($6.5M currently), providing financial stability and reserves.
- Minimal liabilities throughout its history, demonstrating sound financial management and avoidance of debt.
Frequently Asked Questions about Reddy Foundation
Is Reddy Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Reddy Foundation (EIN: 133943919) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Reddy Foundation spend its money?
Reddy Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Reddy Foundation tax-deductible?
Reddy Foundation is registered as a tax-exempt nonprofit (EIN: 133943919). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the primary cause of the significant year-to-year fluctuations in revenue and expenses?
The provided data does not specify the reasons for the large swings in revenue and expenses, such as the $2.4M revenue in 2023 versus $417K in 2024, or the $1.3M expenses in 2024 versus $752K in 2023. This would require reviewing the full IRS Form 990 for detailed explanations.
How does the Reddy Foundation allocate its expenses between program services, administrative costs, and fundraising?
The provided summary data does not offer a detailed breakdown of functional expenses. To understand the allocation, one would need to examine Part IX, Statement of Functional Expenses, in the full IRS Form 990 filings.
Given the substantial assets, what is the foundation's strategy for utilizing these reserves to further its mission?
The data shows significant assets ($6.5M) and minimal liabilities, but the strategy for deploying these assets is not detailed. This information would typically be found in the organization's annual reports or strategic plans, not directly in the summarized 990 data.
Filing History
IRS 990 filing history for Reddy Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Reddy Foundation's revenue has grown by 2333.9%, moving from $17K to $418K. Total assets increased by 223.3% over the same period, from $2.0M to $6.5M. Total functional expenses rose by 2300.4%, from $55K to $1.3M. In its most recent filing year (2024), Reddy Foundation reported a deficit of $896K, with expenses exceeding revenue. The organization holds $1 in liabilities against $6.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $418K | $1.3M | $6.5M | $1 | — | — |
| 2023 | $2.4M | $752K | $6.8M | $1 | — | View 990 |
| 2022 | $182K | $593K | $4.6M | $1 | — | View 990 |
| 2021 | $969K | $384K | $4.8M | $1 | — | View 990 |
| 2020 | $265K | $430K | $4.6M | $1 | — | View 990 |
| 2019 | $2.0M | $492K | $4.8M | $1 | — | View 990 |
| 2015 | $541K | $297K | $4.4M | $0 | — | View 990 |
| 2014 | $250K | $139K | $4.2M | $0 | — | View 990 |
| 2013 | $2.4M | $5K | $4.1M | $0 | — | View 990 |
| 2012 | $17K | $55K | $2.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $418K, expenses of $1.3M, and assets of $6.5M (revenue -82.9% year-over-year).
- 2023: Revenue of $2.4M, expenses of $752K, and assets of $6.8M (revenue +1241.8% year-over-year).
- 2022: Revenue of $182K, expenses of $593K, and assets of $4.6M (revenue -81.2% year-over-year).
- 2021: Revenue of $969K, expenses of $384K, and assets of $4.8M (revenue +265.1% year-over-year).
- 2020: Revenue of $265K, expenses of $430K, and assets of $4.6M (revenue -86.4% year-over-year).
- 2019: Revenue of $2.0M, expenses of $492K, and assets of $4.8M (revenue +260.7% year-over-year).
- 2015: Revenue of $541K, expenses of $297K, and assets of $4.4M (revenue +116.6% year-over-year).
- 2014: Revenue of $250K, expenses of $139K, and assets of $4.2M (revenue -89.7% year-over-year).
- 2013: Revenue of $2.4M, expenses of $5K, and assets of $4.1M (revenue +14109.5% year-over-year).
- 2012: Revenue of $17K, expenses of $55K, and assets of $2.0M.
Data Sources and Methodology
This transparency report for Reddy 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.