Aggarwal & Gupta Family Foundation Inc

Analysis

Aggarwal & Gupta Family Foundation Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in October 2001, 25 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending November 2023, Aggarwal & Gupta Family Foundation Inc reported income of $2.4m and spending of $2.0m, spending 84% of its income. Across the 5 years on record, from November 2019 to November 2023, income grew from $478k to $2.4m (+400%), an average of +50% a year. The sharpest change came in the year to November 2021, when income rose by 309%. Over the whole period it spent 116% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Aggarwal & Gupta Family Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Artsfund Foundation ($2.4m), Lifelab Kids Foundation ($2.4m) and National Christian Charitable Foundation Inc ($2.4m).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 0.2% of the total. At year end it held assets of $50.0m against liabilities of $3.2m, net assets of $46.8m. It reported 13 employees.