Noshad Shakawat Foundation Inc

Analysis

Noshad Shakawat Foundation Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in April 2018, 8 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, Noshad Shakawat Foundation Inc reported income of $98k and spending of $107k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $140k to $98k (-30%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Noshad Shakawat Foundation Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within NY. Charities of a similar size with the same main cause include Britt Worldwide Charities Inc ($98k), Butler Hospital Foundation ($98k) and Rotary Club of Orange Foundation Inc ($98k).

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 $510 against liabilities of $0, net assets of $510.