Dalubhai Gopalbhai Patel Fund Inc

Analysis

Dalubhai Gopalbhai Patel Fund Inc is a registered charity in United States, based in Horseheads, NY. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Dalubhai Gopalbhai Patel Fund Inc reported income of $788k and spending of $555k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $582k to $788k (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2021, when income rose by 803%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dalubhai Gopalbhai Patel Fund Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Families First-Nc Inc ($788k), Arthur Project Inc ($788k) and Christian County Senior Citizens Services Fund Inc ($788k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $5.1m against liabilities of $0, net assets of $5.1m.