Sankara Healthcare Foundation Inc

Analysis

Sankara Healthcare Foundation Inc is a registered charity in United States, based in Northborough, MA. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Sankara Healthcare Foundation Inc reported income of $231k and spending of $156k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $222k to $231k (+4.0%), an average of +1.0% a year. The sharpest change came in the year to December 2022, when income rose by 52%. Over the whole period it spent 44% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sankara Healthcare Foundation Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within MA. Charities of a similar size with the same main cause include Nueva Vida Inc ($231k), Association of Medicine and Psychiatry ($231k) and Bridge to a Cure Foundation Inc ($231k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.