Taranga LW Foundation

Analysis

Taranga LW Foundation is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Taranga LW Foundation reported income of $60k and spending of $10k, leaving 83% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $10k to $60k (+500%), an average of +500% a year. The sharpest change came in the year to December 2023, when income rose by 500%. Over the whole period it spent 128% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Taranga LW Foundation sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 24th percentile within GA. Charities of a similar size with the same main cause include Positive Project ($60k), Calpak Education Services Limited ($60k) and Beyond the Bench KC ($60k).

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 $67k against liabilities of $0, net assets of $67k.