Wadhwani Institute for Artificial Intelligence Foundation

Nonprofit profile at a glance

EIN
822506250
IRS 990-PF coverage
2018–2024
Forms available
Form 990-PF 2024
Location
Los Altos, CA, USA
Phone
6509462505
Rating
86
Verdict
STRONG
Rating confidence
Standard
Sector
Science and Technology N.E.C.

Reported finances

Revenue
$8,270,131
Expenses
$9,800,215

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

Science and Technology N.E.C.

What it reported funding in 2024

The foundation reported 3 grants totaling $6,962,194. The stated grant purposes included the purpose of the grant is to support transformative research and artificial intelligence (ai) capacity for elimination of tuberculosis and responding to infection diseases., the purpose of the grant is to introduce artificial intelligence (ai) solutions for infectious diseases of public health importance like tuberculosis (tb). the ai solutions developed and deployed will help in preparing, preventing, detecting and responding to infectious diseases in india. the project will bring efficiency within existing resources by way of automation and thereby augment government of india's and other collective disease prevention and control efforts., and the purpose of the grant is to support development of artificial intelligence for educational purposes and the benefit of the underserved in india and other locales.

Operating model

Revenue model
Donor-supported. 97% of the foundation's positive operating resources came from contributions.
Distribution model
Grant intermediary. The foundation distributed 86% of its reported charitable disbursements as grants.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filing identifies who received its grants. Assets provide a limited cushion relative to annual grants and the filing reports one or more activities that warrant closer review.

Rating breakdown

  • Grant Deployment: 100
  • Cost Efficiency: 87
  • Transparency: 100
  • Compliance: 94
  • Endowment Health: 1

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 100%; rating input score 100; 98th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 87%; rating input score 87; 64th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 17 of 19 controls in place; rating input score 89
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Fail
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Fail
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 10; rating input score 100

Endowment Health

  • Endowment-health comparison: 0.88; rating input score 1; 1st percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: At least 100% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 1th percentile for endowment coverage
  • Consistency: 10 of 10 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 6 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: 12 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Endowment Health: Endowment-health comparison scored 1/100.
  • Review — Compliance: Part VII-B activity disclosures: 2 of 19 not reported.