Vishal Raju Bhagat Foundation

Analysis

Vishal Raju Bhagat Foundation is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in April 2008, 18 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Vishal Raju Bhagat Foundation reported income of $288k and spending of $151k, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $337k to $288k (-15%), an average of -3.9% a year. The sharpest change came in the year to December 2021, when income rose by 2498%. Over the whole period it spent 43% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vishal Raju Bhagat Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Jackson Art Center ($288k), Historical Society of Montgomery County ($288k) and Rugiero Promise Foundation ($288k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 146% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.