Iit Bhu Foundation Inc

Analysis

Iit Bhu Foundation Inc is a registered charity in United States, based in Loudonville, NY. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Iit Bhu Foundation Inc reported income of $1.2m and spending of $593k, leaving 49% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $4.1m to $1.2m (-72%), an average of -47% a year. The sharpest change came in the year to December 2022, when income dropped by 54%. Over the whole period it spent 47% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Iit Bhu Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Yoga Alliance Registry ($1.2m), Questa Middle School Inc ($1.2m) and Global Give Back Circle ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $3.8m against liabilities of $0, net assets of $3.8m.