Tanveer Foundation Inc

Analysis

Tanveer Foundation Inc is a registered charity in United States, based in Taylor, MI. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tanveer Foundation Inc reported income of $78k and spending of $45k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $56k to $78k (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2020, when income rose by 428%. Over the whole period it spent 33% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tanveer Foundation Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 30th percentile within MI. Charities of a similar size with the same main cause include Northumberland County Historical Society Inc ($78k), Foggy Bottom Association ($78k) and Great Plains Transportation Museum Inc ($78k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $527k against liabilities of $10k, net assets of $517k.