Jain Academic Foundation of North America

Analysis

Jain Academic Foundation of North America is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in January 1996, 30 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 December 2023, Jain Academic Foundation of North America reported income of $232k and spending of $155k, leaving 33% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $95k to $232k (+143%), an average of +144% a year. The sharpest change came in the year to December 2023, when income rose by 143%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Jain Academic Foundation of North America sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Eleanor Roosevelt High School Bands and Color Guard Boosters ($232k), Allatoona Band Booster Association ($232k) and Stte Foundation ($232k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $111k against liabilities of $0, net assets of $111k.