Manjari Sankurathri Memorial Founda

Analysis

Manjari Sankurathri Memorial Founda is a registered charity in United States, based in Raritan, NJ. It received its IRS tax-exemption ruling in October 2017, 9 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, Manjari Sankurathri Memorial Founda reported income of $142k and spending of $161k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $96k to $142k (+49%), an average of +49% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Manjari Sankurathri Memorial Founda sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 54th percentile within NJ. Charities of a similar size with the same main cause include Zachary Horton Foundation ($142k), Sierra Spine Society ($142k) and Hope Pregnancy Care Center Inc ($142k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $55k against liabilities of $0, net assets of $55k.