Singhal Family Charitable Foundation
Singhal Family Charitable Foundation maintains substantial assets and reports no officer compensation, despite fluctuating revenues.
EIN: 208037921 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
Is Singhal Family Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Singhal Family Charitable Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Singhal Family Charitable Foundation
Singhal Family Charitable Foundation (EIN: 208037921) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $3.9M and total assets of $15.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Singhal Family Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Singhal Family Charitable Foundation is a mid-size nonprofit that has been operating for 17 years, with 9 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $475K |
| Total Expenses | $2.1M |
| Surplus / Deficit | $-1,667,049 |
| Total Assets | $16.2M |
| Total Liabilities | $1.2M |
| Net Assets | $15.0M |
| Operating Margin | -350.7% |
| Debt-to-Asset Ratio | 7.6% |
| Months of Reserves | 90.6 months |
Financial Health Grade: B
In 2022, Singhal Family Charitable Foundation reported a deficit of $1.7M with expenses exceeding revenue, holds 90.6 months of operating reserves (strong position), has a debt-to-asset ratio of 7.6% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2022), Singhal Family Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -56.9% | +39.7% | -9.8% |
| 2020 | -114.3% | -1.4% | -14.7% |
| 2019 | +7250.7% | +480.5% | +473.8% |
| 2015 | +159.0% | +35.8% | -6.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Singhal Family Charitable Foundation with a Mission Score of 90 out of 100 (Excellent). 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: 95%
- fundraising: 0%
According to IRS 990 filings, Singhal Family Charitable Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 deficit of $1.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, directors, trustees, or key employees. This suggests a volunteer-driven leadership or that compensation is covered by other means, which is highly efficient for a foundation of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Singhal Family Charitable Foundation's IRS 990 filings:
- Significant revenue volatility, including negative revenue in 2020 ($-292,625), which could indicate reliance on unpredictable investment returns.
Strengths
The following positive indicators were identified for Singhal Family Charitable Foundation:
- Consistent reporting of 0% officer compensation, indicating high efficiency and dedication of resources to the mission.
- Substantial growth in assets from $3.5 million in 2011 to $15.7 million currently, demonstrating strong financial management and sustainability.
- Low liabilities across all reported periods, indicating a healthy balance sheet and minimal financial risk.
- Strong program focus, with an estimated 95% of expenses directed towards charitable programs.
Frequently Asked Questions about Singhal Family Charitable Foundation
Is Singhal Family Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Singhal Family Charitable Foundation (EIN: 208037921) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Singhal Family Charitable Foundation spend its money?
Singhal Family Charitable Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Singhal Family Charitable Foundation tax-deductible?
Singhal Family Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 208037921). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the Singhal Family Charitable Foundation manage its significant revenue fluctuations, such as the negative revenue in 2020?
The foundation's substantial asset base, which grew from $3.5 million in 2011 to $15.7 million currently, likely provides a buffer against revenue volatility, allowing it to continue its operations and grantmaking even during periods of lower or negative income. The negative revenue in 2020 ($-292,625) could be due to investment losses or specific accounting adjustments.
What is the primary source of the foundation's revenue, given its NTEE code T20?
As a Private Grantmaking Foundation (NTEE T20), the primary sources of revenue are typically investment income, contributions from the founding family, and potentially other related entities. The significant asset base suggests a strong reliance on investment returns to fund its activities.
Does the foundation engage in any fundraising activities?
Based on the consistent reporting of 0% officer compensation and the nature of a private foundation, it is highly probable that the foundation does not engage in public fundraising activities, as its funding primarily comes from its endowment and related family contributions. This is reflected in the 0% allocated to fundraising in the spending breakdown.
Filing History
IRS 990 filing history for Singhal Family Charitable Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), Singhal Family Charitable Foundation's revenue has grown by 91.7%, moving from $248K to $475K. Total assets increased by 349.6% over the same period, from $3.6M to $16.2M. Total functional expenses rose by 1212.1%, from $163K to $2.1M. In its most recent filing year (2022), Singhal Family Charitable Foundation reported a deficit of $1.7M, with expenses exceeding revenue. The organization holds $1.2M in liabilities against $16.2M in assets (debt-to-asset ratio: 7.6%), resulting in net assets of $15.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $475K | $2.1M | $16.2M | $1.2M | — | View 990 |
| 2021 | $1.1M | $1.5M | $17.9M | $2.4M | — | View 990 |
| 2020 | $-292,625 | $1.4M | $16.0M | $1 | — | View 990 |
| 2019 | $2.0M | $1.4M | $18.8M | $1 | — | — |
| 2015 | $28K | $245K | $3.3M | $1 | — | View 990 |
| 2014 | $11K | $180K | $3.5M | $1 | — | View 990 |
| 2013 | $443K | $223K | $3.7M | $1 | — | View 990 |
| 2012 | $540 | $157K | $3.4M | $1 | — | View 990 |
| 2011 | $248K | $163K | $3.6M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $475K, expenses of $2.1M, and assets of $16.2M (revenue -56.9% year-over-year).
- 2021: Revenue of $1.1M, expenses of $1.5M, and assets of $17.9M.
- 2020: Revenue of $-292,625, expenses of $1.4M, and assets of $16.0M (revenue -114.3% year-over-year).
- 2019: Revenue of $2.0M, expenses of $1.4M, and assets of $18.8M (revenue +7250.7% year-over-year).
- 2015: Revenue of $28K, expenses of $245K, and assets of $3.3M (revenue +159.0% year-over-year).
- 2014: Revenue of $11K, expenses of $180K, and assets of $3.5M (revenue -97.6% year-over-year).
- 2013: Revenue of $443K, expenses of $223K, and assets of $3.7M (revenue +81902.2% year-over-year).
- 2012: Revenue of $540, expenses of $157K, and assets of $3.4M (revenue -99.8% year-over-year).
- 2011: Revenue of $248K, expenses of $163K, and assets of $3.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Singhal Family Charitable Foundation:
Data Sources and Methodology
This transparency report for Singhal Family Charitable 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.