Gurnani Foundation

Analysis

Gurnani Foundation is a registered charity in United States, based in Secaucus, NJ. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Gurnani Foundation reported income of $337k and spending of $27k, leaving 92% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income grew from $251k to $337k (+34%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 240%. Over the whole period it spent 4.8% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gurnani Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 70th percentile within NJ. Charities of a similar size with the same main cause include NJ Kkottongnae Inc ($337k), Veterans Housing Development Corporation ($338k) and Lift Up ($337k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 99% of the total. At year end it held assets of $806k against liabilities of $0, net assets of $806k.