Mithil Prasad Foundation

Analysis

Mithil Prasad Foundation is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mithil Prasad Foundation reported income of $162k and spending of $137k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $121k to $162k (+34%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mithil Prasad Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Going Beyond Assistance Fund ($162k), Rooks County Healthcare Endowment Association ($162k) and Chase County Hospital Foundation Inc ($162k).

At year end it held assets of $115k against liabilities of $0, net assets of $115k.