South Asia Institute
EIN: 810695153 · Chicago, IL · NTEE: A20
| Metric | Value |
|---|---|
| Total Revenue | $474K |
| Total Expenses | $272K |
| Net Assets | $-673,217 |
Is South Asia Institute Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About South Asia Institute
South Asia Institute (EIN: 810695153) is a nonprofit organization based in Chicago, IL, classified under NTEE code A20. The organization reported total revenue of $474K and total assets of $7.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Asia Institute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
South Asia Institute is a small nonprofit that has been operating for 10 years, with 9 years of IRS 990 filings on record (2015–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $387K |
| Total Expenses | $272K |
| Surplus / Deficit | +$115K |
| Total Assets | $7.2M |
| Total Liabilities | $7.9M |
| Net Assets | $-673,217 |
| Operating Margin | 29.8% |
| Debt-to-Asset Ratio | 109.3% |
| Months of Reserves | 318.3 months |
Financial Health Grade: A
In 2023, South Asia Institute reported a surplus of $115K with revenue exceeding expenses, holds 318.3 months of operating reserves (strong position), has a debt-to-asset ratio of 109.3% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +62.5% | +14.4% | +1.6% |
| 2022 | +17.5% | -18.9% | -0.2% |
| 2021 | +72.7% | -7.2% | -4.8% |
| 2020 | +15.4% | -22.8% | +1.4% |
| 2019 | +10159900.0% | +215.7% | +28.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for South Asia Institute 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 South Asia Institute 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 $115K, with revenue exceeding expenses.
- Debt-to-asset ratio: 109.3%.
Frequently Asked Questions about South Asia Institute
Is South Asia Institute a legitimate charity?
South Asia Institute (EIN: 810695153) is a registered tax-exempt nonprofit based in Illinois. It has 9 years of IRS 990 filings on record. Total revenue: $474K. No red flags identified. Financial health grade: A.
How does South Asia Institute spend its money?
South Asia Institute reported $474K in total revenue in IRS 990 filings. 9 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to South Asia Institute tax-deductible?
South Asia Institute is registered as a tax-exempt nonprofit (EIN: 810695153). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is South Asia Institute located?
South Asia Institute is headquartered in Chicago, Illinois and files with the IRS under EIN 810695153. It is classified under NTEE code A20.
How many years of IRS 990 filings does South Asia Institute have?
South Asia Institute has 9 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 $474K in total revenue.
Filing History
IRS 990 filing history for South Asia Institute showing financial trends over 9 years of public records:
Total assets increased by 720102100% over the same period, from $1 to $7.2M. In its most recent filing year (2023), South Asia Institute reported a surplus of $115K, with revenue exceeding expenses. The organization holds $7.9M in liabilities against $7.2M in assets (debt-to-asset ratio: 109.3%), resulting in net assets of $-673,217.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $387K | $272K | $7.2M | $7.9M | — | View 990 |
| 2022 | $238K | $237K | $7.1M | $7.9M | — | — |
| 2021 | $202K | $293K | $7.1M | $7.9M | — | View 990 |
| 2020 | $117K | $315K | $7.5M | $8.1M | — | View 990 |
| 2019 | $102K | $408K | $7.4M | $7.8M | — | View 990 |
| 2018 | $1 | $129K | $5.7M | $6.0M | — | View 990 |
| 2017 | $3K | $154K | $3.4M | $3.5M | — | View 990 |
| 2016 | $3K | $875 | $2K | $0 | — | View 990 |
| 2015 | $0 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $387K, expenses of $272K, and assets of $7.2M (revenue +62.5% year-over-year).
- 2022: Revenue of $238K, expenses of $237K, and assets of $7.1M (revenue +17.5% year-over-year).
- 2021: Revenue of $202K, expenses of $293K, and assets of $7.1M (revenue +72.7% year-over-year).
- 2020: Revenue of $117K, expenses of $315K, and assets of $7.5M (revenue +15.4% year-over-year).
- 2019: Revenue of $102K, expenses of $408K, and assets of $7.4M (revenue +10159900.0% year-over-year).
- 2018: Revenue of $1, expenses of $129K, and assets of $5.7M (revenue -100.0% year-over-year).
- 2017: Revenue of $3K, expenses of $154K, and assets of $3.4M (revenue -5.4% year-over-year).
- 2016: Revenue of $3K, expenses of $875, and assets of $2K.
- 2015: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for South Asia Institute:
Data Sources and Methodology
This transparency report for South Asia Institute 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.