Phandeeyar Foundation

Analysis

Phandeeyar Foundation is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in April 2016, 10 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, Phandeeyar Foundation reported income of $1.4m and spending of $945k, leaving 32% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.2m to $1.4m (+15%), an average of +2.8% a year. The sharpest change came in the year to December 2022, when income rose by 120%. Over the whole period it spent 88% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Phandeeyar Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within DE. Charities of a similar size with the same main cause include Sitanjali Foundation ($1.4m), Serve the Global Church Inc ($1.4m) and Menengage Global Alliance ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $74k (7.8% of expenses). Other salaries and wages came to $401k. At year end it held assets of $1.6m against liabilities of $23k, net assets of $1.6m.