Leonardo Edward Shrestha Foundation

Analysis

Leonardo Edward Shrestha Foundation is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Leonardo Edward Shrestha Foundation reported income of $104k and spending of $60k, leaving 43% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $104k (+84%), an average of +84% a year. The sharpest change came in the year to December 2023, when income rose by 84%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Leonardo Edward Shrestha Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within IN. Charities of a similar size with the same main cause include Roots for the Home Team ($104k), Muindi Foundation Inc ($104k) and United Way of Pike County Inc ($104k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $171k against liabilities of $2,671, net assets of $168k.