Kunduru Foundation

Analysis

Kunduru Foundation is a registered charity in United States, based in Round Rock, TX. It received its IRS tax-exemption ruling in March 2019, 7 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, Kunduru Foundation reported income of $239k and spending of $289k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $6,397 to $239k (+3643%), an average of +147% a year. The sharpest change came in the year to December 2021, when income rose by 653%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Kunduru Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Genius Recovery Foundation Inc ($239k), Womens Fund of Greater LA Crosse Inc ($240k) and Matanuska Electric Association Charitable Foundation ($239k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 105% of the total. It paid $6,900 in professional fundraising fees. At year end it held assets of $471k against liabilities of $0, net assets of $471k.