Ballal Rao Foundation a New Jersey Nonprofit Corporation

Analysis

Ballal Rao Foundation a New Jersey Nonprofit Corporation is a registered charity in United States, based in Springfield, NJ. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Ballal Rao Foundation a New Jersey Nonprofit Corporation reported income of $108k and spending of $35k, leaving 68% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $215k to $108k (-50%), an average of -50% a year. The sharpest change came in the year to December 2023, when income dropped by 50%. Over the whole period it spent 19% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ballal Rao Foundation a New Jersey Nonprofit Corporation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 47th percentile within NJ. Charities of a similar size with the same main cause include Cisd Educational Support Groups Inc ($108k), Far to Go Foundation ($108k) and Timothy Christian Schools Foundation ($108k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% of the total. At year end it held assets of $610k against liabilities of $0, net assets of $610k.