Afef Inc

Nonprofit profile at a glance

EIN
853130212
IRS 990 coverage
2021–2025
Forms available
Form 990 2025, Form 990-EZ 2020
Location
New York, NY, USA
Phone
7327733012
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution

Official website

Reported finances

Revenue
$10,801,460
Expenses
$6,684,044
Assets
$10,754,975
Liabilities
$47,186

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • ASHISH PITHAWALA (PRESIDENT)

Highest reported compensation

  • PREMAL PAREKH (SECRETARY & TREASURER): $30,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Grant making to qualified charitable organizations.

What it reported doing in 2025

To invest in innovative programs that provide solutions to deeprooted social inequalities, upliftment of the disadvantaged and vulnerable sections and build the capacities of credible grassroots organizations that work towards that goal. Afef wants to contribute towards supporting philanthropic ecosystem and encouraging more philanthropy globally. Afef aims to fulfil this charitable purpose through: education - afef believes that every child, irrespective of their background, gender or socioeconomic status, has the right to attend school, stay in school and learn in school. Therefore, afef will focus on addressing the systemic challenges that impact children's access to quality education; women empowerment - afef adopts an empowerment approach to supporting the most vulnerable women in society, by working to free them from violence and discrimination, provide access to legal recourse, build their awareness and accessibility to their rights and entitlements, make them economically independent and build leaders who have a respected position in society; livelihoods - afef seeks to work with grassroots organizations to find solutions to the enhanced vulnerabilities caused by unemployment, migration, failing agriculture, natural calamities and vagaries of nature impacting livelihoods. Afef seeks to make programmatic interventions targeted towards building the resilience of the rural and tribal populations as integral parts of the agrarian economy, including providing financial support directly to low-income households/vulnerable individuals and/or groups or indirectly through organizations, such as ngos that promote the interest of low-income households/vulnerable individuals and/or groups with a view to provide them sustainable livelihoods; environment and climate change - afef seeks to work with organizations that which promote a resilient and climate positive environment; or any other exempt purpose within the meaning of section 501(c)(3) of the internal revenue code.

Operating model

Revenue model
Donor-supported. 98% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 62% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 77
  • Accountability: 95
  • Sustainability: 76
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 61.7%; rating input score 62
  • Program expense ratio: 98.2%; rating input score 98
  • Fundraising efficiency: $255.04 raised per $1 spent on fundraising; rating input score 91; 91st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: 1 of 8 controls in place; rating input score 12
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 100%; rating input score 100; 50th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 38.1%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 1.61; rating input score 44; 44th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 0.4%; rating input score 89; 89th percentile among comparable filings

Growth

  • Program expense growth: 34.4% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: 22% per year; rating input score 100; 93rd percentile among comparable filings
  • Asset growth: 33.1% per year; rating input score 100; 97th percentile among comparable filings

Details

  • Where the money goes: 61.7% of revenue deployed · 98.2% of spending went to programs
  • Governance: 5 of 5 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $6.6M in reported program spending
  • Leadership: top reported pay $30K · 9 people listed
  • Highest-paid contractors: 3 contractors listed · $2M reported
  • Consistency: 28 of 28 current checks pass
  • Schedules: 6 filed schedules · includes major donors, foreign activity, and grants
  • Filing history: 5 filing years from 2021 to 2025
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: 6 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight: 7 of 8 not reported.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 44/100.