Muthusami Paravel Foundation

Analysis

Muthusami Paravel Foundation is a registered charity in United States, based in Naperville, IL. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Muthusami Paravel Foundation reported income of $1.4m and spending of $1.4m, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $127k to $1.4m (+974%), an average of +974% a year. The sharpest change came in the year to December 2023, when income rose by 974%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Muthusami Paravel Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include Hanlin Foundation ($1.4m), Global Citizens Initiative Inc ($1.4m) and Strategies for Children Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $556k against liabilities of $449k, net assets of $107k.