Iit Roorkee Foundation Inc

Analysis

Iit Roorkee Foundation Inc is a registered charity in United States, based in Ashburn, VA. It received its IRS tax-exemption ruling in September 2019, 7 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, Iit Roorkee Foundation Inc reported income of $770k and spending of $404k, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $199k to $770k (+287%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 89%. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Iit Roorkee Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within VA. Charities of a similar size with the same main cause include Melting Pot Ministries ($770k), Sachamama ($771k) and Clinton County Community Foundation Inc ($770k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $495k against liabilities of $0, net assets of $495k.