Hindu American Foundation Inc

Analysis

Hindu American Foundation Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Hindu American Foundation Inc reported income of $2.6m and spending of $2.1m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $332k to $2.6m (+694%), an average of +68% a year. The sharpest change came in the year to June 2020, when income rose by 527%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hindu American Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include Newark Midland Theatre Association ($2.6m), Owsley Brown Frazier Historical Arms Museum Foundation Inc ($2.6m) and West Indian American Day Carnival Assn ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $218k (10% of expenses). Other salaries and wages came to $899k. At year end it held assets of $4.4m against liabilities of $87k, net assets of $4.3m. It reported 17 employees.