Himalaya Foundation

Analysis

Himalaya Foundation is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in January 2023, 3 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Himalaya Foundation reported income of $76k and spending of $16k, leaving 80% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $1,260 to $76k (+5927%), an average of +5927% a year. The sharpest change came in the year to December 2023, when income rose by 5927%. Over the whole period it spent 22% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Himalaya Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 29th percentile within VA. Charities of a similar size with the same main cause include Shmitah Fund Inc ($76k), Berkadia Foundation Inc ($76k) and Oak Creek Lions Community Foundation Inc ($76k).

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 $61k against liabilities of $373, net assets of $60k.