Iitkgp Foundation

Analysis

Iitkgp Foundation is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in July 1992, 34 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Iitkgp Foundation reported income of $861k and spending of $884k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $861k (-26%), an average of -7.2% a year. The sharpest change came in the year to December 2022, when income rose by 85%. Over the whole period it spent 74% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Iitkgp Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NE. Charities of a similar size with the same main cause include Handfuls of Hope Inc ($858k), Human Assistance & Development International ($862k) and Sunica Inc ($857k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $44k. At year end it held assets of $3.0m against liabilities of $0, net assets of $3.0m.