Suneel Research Foundation

Analysis

Suneel Research Foundation is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in July 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Suneel Research Foundation reported income of $75k and spending of $51k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $37k to $75k (+102%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 106%. Over the whole period it spent 123% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Suneel Research Foundation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within NY. Charities of a similar size with the same main cause include Rushshelby Energy Rural Electric Community Fund Inc ($75k), Public Education Partners ($75k) and Kiamichi Electric Cooperative Foundation Inc ($75k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $434k against liabilities of $0, net assets of $434k.