Revati Puranik Foundation

Analysis

Revati Puranik Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 2021, 5 years ago. 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, Revati Puranik Foundation reported income of $279k and spending of $465k, spending 167% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $4.5m to $279k (-94%), an average of -75% a year. The sharpest change came in the year to December 2022, when income dropped by 92%. Over the whole period it spent 19% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Revati Puranik Foundation sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Mount Desert Island Historical Society ($279k), Siouxland Historical Railroad Association ($279k) and Altrusa International Foundation Inc ($279k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $4.3m against liabilities of $63k, net assets of $4.3m.