Bhai Kanhaiya Charitable Trust Inc

Analysis

Bhai Kanhaiya Charitable Trust Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2012, 14 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, Bhai Kanhaiya Charitable Trust Inc reported income of $70k and spending of $43k, leaving 38% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $86k to $70k (-19%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 42% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Bhai Kanhaiya Charitable Trust Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within IL. Charities of a similar size with the same main cause include John a Thomann Memorial Foundation ($70k), Arlington Academic Alliance Inc ($70k) and Feda Education Foundation ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $193k against liabilities of $0, net assets of $193k.