Sheth Global Foundation Inc

Analysis

Sheth Global Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in October 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sheth Global Foundation Inc reported income of $170k and spending of $222k, spending 131% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $450k to $170k (-62%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 79%. Over the whole period it spent 37% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sheth Global Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 53rd percentile within GA. Charities of a similar size with the same main cause include Hba Cares Inc ($169k), Lamb Shall Lead International Inc ($170k) and Healing for the Nations Inc ($169k).

Compensation of current officers, directors and key employees was $5,000 (2.3% of expenses). At year end it held assets of $6.4m against liabilities of $45k, net assets of $6.4m.