Iit Bombay Heritage Foundation

Analysis

Iit Bombay Heritage Foundation is a registered charity in United States, based in Cupertino, CA. It received its IRS tax-exemption ruling in June 1996, 30 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Iit Bombay Heritage Foundation reported income of $11.5m and spending of $10.7m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $11.5m (+434%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 191%. Over the whole period it spent 85% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Iit Bombay Heritage Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Federation of American Scientists ($11.5m), Ywam Ships Orange County ($11.5m) and American Friends of Israeli Navy Seals Inc ($11.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 0.5% of the total. At year end it held assets of $13.1m against liabilities of $27k, net assets of $13.1m.