Tera Koti Reddy Charitable Foundation

Analysis

Tera Koti Reddy Charitable Foundation is a registered charity in United States, based in Saratoga, CA. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Tera Koti Reddy Charitable Foundation reported income of $508k and spending of $34k, leaving 93% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $500k to $508k (+1.5%), an average of +0.5% a year. The sharpest change came in the year to December 2023, when income rose by 260%. Over the whole period it spent 2.2% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tera Koti Reddy Charitable Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Struggle for Miamis Affordable and Sustainable Housing Incorporated ($508k), Jessran Corporation ($508k) and Mid America Crop Life Association ($508k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $2.0m against liabilities of $219, net assets of $2.0m.