Sphoorti Foundation USA

Analysis

Sphoorti Foundation USA is a registered charity in United States, based in Frisco, TX. It received its IRS tax-exemption ruling in March 2011, 15 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, Sphoorti Foundation USA reported income of $357k and spending of $287k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $256k to $357k (+40%), an average of +8.7% a year. The sharpest change came in the year to December 2020, when income rose by 46%. Over the whole period it spent 73% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Sphoorti Foundation USA sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Armenian Relief Corps Inc ($357k), Society for Hospital and Resources Exchange Inc ($357k) and Witness for Peace ($357k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $702k against liabilities of $0, net assets of $702k.