Charusat Education Foundation Inc

Analysis

Charusat Education Foundation Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in July 2014, 12 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, Charusat Education Foundation Inc reported income of $499k and spending of $623k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $472k to $499k (+5.7%), an average of +1.4% a year. The sharpest change came in the year to December 2020, when income rose by 141%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Charusat Education Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within NM. Charities of a similar size with the same main cause include The Snedeker Foundation ($499k), Small World Montessori Society Inc ($499k) and Coastal School Ministries Inc ($499k).

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 $100 against liabilities of $0, net assets of $100.