Mahindra Foundation

Analysis

Mahindra Foundation is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in August 2007, 19 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, Mahindra Foundation reported income of $546k and spending of $512k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $676k to $546k (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2022, when income dropped by 22%. Over the whole period it spent 91% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Mahindra Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Blackbox International ($546k), Hopehouse International Inc ($547k) and Heart to Honduras Inc ($546k).

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 $625k against liabilities of $0, net assets of $625k.