The Bhutan Foundation
The Bhutan Foundation shows consistent financial growth and no reported officer compensation over the past decade.
EIN: 133376290 · Washington, DC · Updated: 2026-03-28
Is The Bhutan Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Bhutan Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Bhutan Foundation
The Bhutan Foundation (EIN: 133376290) is a nonprofit organization based in Washington, DC. The organization reported total revenue of $4.3M and total assets of $5.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Bhutan Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Bhutan Foundation is a mid-size nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.0M |
| Total Expenses | $4.9M |
| Surplus / Deficit | +$97K |
| Total Assets | $6.0M |
| Total Liabilities | $132K |
| Net Assets | $5.9M |
| Operating Margin | 1.9% |
| Debt-to-Asset Ratio | 2.2% |
| Months of Reserves | 14.7 months |
Financial Health Grade: A
In 2023, The Bhutan Foundation reported a surplus of $97K with revenue exceeding expenses, holds 14.7 months of operating reserves (strong position), has a debt-to-asset ratio of 2.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Bhutan Foundation's revenue has grown at a compound annual growth rate (CAGR) of 10.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -25.6% | +7.3% | -1.6% |
| 2022 | +62.3% | +22.6% | +36.3% |
| 2021 | -9.5% | +10.9% | -7.7% |
| 2020 | +17.3% | -11.6% | +133.0% |
| 2019 | +35.6% | +20.6% | +5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 The Bhutan Foundation with a Mission Score of 85 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, The Bhutan Foundation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 surplus of $97K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.2%.
Executive Compensation Analysis
The Bhutan Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership either serves on a volunteer basis or is compensated through other means not categorized as officer compensation, which is highly unusual for an organization of its size with over $4 million in annual revenue.
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 The Bhutan Foundation's IRS 990 filings:
- No reported officer compensation for an organization of this size, which could indicate compensation is reported under other categories or a fully volunteer leadership structure, warranting further investigation for clarity.
Strengths
The following positive indicators were identified for The Bhutan Foundation:
- Consistent revenue growth over the past decade, from $2.1M in 2014 to nearly $5M in 2023.
- Significant asset growth, increasing from $1.5M in 2014 to over $6M in 2023, indicating strong financial health.
- Low liabilities relative to assets, suggesting financial stability and prudent management.
- No reported officer compensation, potentially indicating a highly efficient and volunteer-driven leadership structure.
- Long history of IRS 990 filings (13 filings), demonstrating consistent transparency and accountability.
Frequently Asked Questions about The Bhutan Foundation
Is The Bhutan Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Bhutan Foundation (EIN: 133376290) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does The Bhutan Foundation spend its money?
The Bhutan Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Bhutan Foundation tax-deductible?
The Bhutan Foundation is registered as a tax-exempt nonprofit (EIN: 133376290). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is The Bhutan Foundation a good charity?
Based on its financial health, consistent asset growth, and the absence of reported officer compensation, The Bhutan Foundation appears to be a well-managed and efficient charity. Its long history of filings and positive financial trends suggest a strong commitment to its mission.
How has The Bhutan Foundation's revenue trended over time?
The Bhutan Foundation has shown significant revenue growth, increasing from $2,155,382 in 2014 to $4,999,142 in 2023, with a peak of $6,721,082 in 2022. This indicates strong fundraising capabilities and donor support.
What is the organization's asset growth like?
The organization's assets have grown substantially, from $1,535,353 in 2014 to $6,019,468 in 2023, demonstrating effective financial stewardship and accumulation of resources to support its long-term mission.
Filing History
IRS 990 filing history for The Bhutan Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Bhutan Foundation's revenue has grown by 237.7%, moving from $1.5M to $5.0M. Total assets increased by 1164.7% over the same period, from $476K to $6.0M. Total functional expenses rose by 210.5%, from $1.6M to $4.9M. In its most recent filing year (2023), The Bhutan Foundation reported a surplus of $97K, with revenue exceeding expenses. The organization holds $132K in liabilities against $6.0M in assets (debt-to-asset ratio: 2.2%), resulting in net assets of $5.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.0M | $4.9M | $6.0M | $132K | — | — |
| 2022 | $6.7M | $4.6M | $6.1M | $327K | — | View 990 |
| 2021 | $4.1M | $3.7M | $4.5M | $849K | — | — |
| 2020 | $4.6M | $3.4M | $4.9M | $1.6M | — | — |
| 2019 | $3.9M | $3.8M | $2.1M | $86K | — | View 990 |
| 2018 | $2.9M | $3.1M | $2.0M | $85K | — | View 990 |
| 2017 | $2.6M | $2.3M | $2.0M | $131K | — | View 990 |
| 2016 | $2.4M | $2.5M | $1.7M | $8K | — | View 990 |
| 2015 | $2.1M | $1.9M | $1.7M | $5K | — | View 990 |
| 2014 | $2.2M | $1.7M | $1.5M | $18K | — | View 990 |
| 2013 | $1.7M | $1.5M | $1.0M | $16K | — | View 990 |
| 2012 | $1.7M | $1.3M | $895K | $5K | — | View 990 |
| 2011 | $1.5M | $1.6M | $476K | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.0M, expenses of $4.9M, and assets of $6.0M (revenue -25.6% year-over-year).
- 2022: Revenue of $6.7M, expenses of $4.6M, and assets of $6.1M (revenue +62.3% year-over-year).
- 2021: Revenue of $4.1M, expenses of $3.7M, and assets of $4.5M (revenue -9.5% year-over-year).
- 2020: Revenue of $4.6M, expenses of $3.4M, and assets of $4.9M (revenue +17.3% year-over-year).
- 2019: Revenue of $3.9M, expenses of $3.8M, and assets of $2.1M (revenue +35.6% year-over-year).
- 2018: Revenue of $2.9M, expenses of $3.1M, and assets of $2.0M (revenue +11.8% year-over-year).
- 2017: Revenue of $2.6M, expenses of $2.3M, and assets of $2.0M (revenue +6.3% year-over-year).
- 2016: Revenue of $2.4M, expenses of $2.5M, and assets of $1.7M (revenue +14.4% year-over-year).
- 2015: Revenue of $2.1M, expenses of $1.9M, and assets of $1.7M (revenue -1.9% year-over-year).
- 2014: Revenue of $2.2M, expenses of $1.7M, and assets of $1.5M (revenue +28.4% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.5M, and assets of $1.0M (revenue -2.0% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.3M, and assets of $895K (revenue +15.7% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.6M, and assets of $476K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Bhutan Foundation:
Data Sources and Methodology
This transparency report for The Bhutan 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.