Nagarathar Sangam of North America Inc

Analysis

Nagarathar Sangam of North America Inc is a registered charity in United States, based in Monmouth JCT, NJ. It received its IRS tax-exemption ruling in April 1999, 27 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, Nagarathar Sangam of North America Inc reported income of $597k and spending of $408k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $224k to $597k (+167%), an average of +28% a year. The sharpest change came in the year to December 2020, when income rose by 91%. Over the whole period it spent 87% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Nagarathar Sangam of North America Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within NJ. Charities of a similar size with the same main cause include Local Boys Do Good ($597k), United Way of Portage County Inc ($598k) and Fund for Girard College ($597k).

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 $1.8m against liabilities of $7,000, net assets of $1.8m.