Upakar the Indo-American Community Foundation Inc

Analysis

Upakar the Indo-American Community Foundation Inc is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in July 1997, 29 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 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, Upakar the Indo-American Community Foundation Inc reported income of $68k and spending of $39k, leaving 43% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $83k to $68k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 59% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Upakar the Indo-American Community Foundation Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within MD. Charities of a similar size with the same main cause include Cody Recreation Foundation Inc ($68k), Pennsylvania Ems Provider Foundation ($68k) and First Junior Womans Club ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $361k against liabilities of $0, net assets of $361k.