Asset India Foundation

Analysis

Asset India Foundation is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Asset India Foundation reported income of $4.8m and spending of $4.7m, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $539k to $4.8m (+795%), an average of +199% a year. The sharpest change came in the year to December 2023, when income rose by 7505%. Over the whole period it spent 99% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Asset India Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Mississippi Consortium for International Development Inc ($4.8m), International Christian Adoptions ($4.8m) and Conservation Council of Nations ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $77k against liabilities of $0, net assets of $77k.