Friends of Teach for India Inc

Analysis

Friends of Teach for India Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2016, 10 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 March 2023, Friends of Teach for India Inc reported income of $1.2m and spending of $625k, leaving 46% of income unspent that year. Across the 4 years on record, from March 2020 to March 2023, income grew from $240k to $1.2m (+381%), an average of +69% a year. The sharpest change came in the year to March 2023, when income rose by 203%. Over the whole period it spent 54% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Teach for India Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Usa-Canada Lions Leadership Forum ($1.2m), Cherokee Farm Development Corporation ($1.2m) and Saddlerock Education Association a Nonprofit Corporation ($1.2m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $58k (9.3% of expenses). At year end it held assets of $1.2m against liabilities of $699, net assets of $1.2m. It reported 1 employees.