Habib University Foundation US

Analysis

Habib University Foundation US is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Habib University Foundation US reported income of $2.0m and spending of $427k, leaving 78% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.7m to $2.0m (-47%), an average of -15% a year. The sharpest change came in the year to December 2022, when income rose by 382%. Over the whole period it spent 36% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Habib University Foundation US sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within CT. Charities of a similar size with the same main cause include Momentum Community ($2.0m), Westfield Athenaeum ($2.0m) and Springville Community and Rural Foundation Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $7.8m against liabilities of $16k, net assets of $7.8m.