Saraswat Foundation Inc

Analysis

Saraswat Foundation Inc is a registered charity in United States, based in Jamison, PA. It received its IRS tax-exemption ruling in March 1999, 27 years ago. 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, Saraswat Foundation Inc reported income of $93k and spending of $96k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $200k to $93k (-54%), an average of -54% a year. The sharpest change came in the year to December 2023, when income dropped by 54%. Over the whole period it spent 46% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Saraswat Foundation Inc 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 35th percentile, and in the 33rd percentile within PA. Charities of a similar size with the same main cause include Lake Forest School Parentteacher Club ($93k), Kim Center for Social Balance ($93k) and 100 Club of Buffalo Inc ($93k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $249k against liabilities of $0, net assets of $249k.