Sharada Educational Foundation

Analysis

Sharada Educational Foundation is a registered charity in United States, based in San Antonio, TX. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sharada Educational Foundation reported income of $164k and spending of $137k, spending 84% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $552k to $164k (-70%), an average of -45% a year. The sharpest change came in the year to December 2022, when income dropped by 83%. Over the whole period it spent 32% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sharada Educational Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within TX. Charities of a similar size with the same main cause include Carmen High School Development Organization Inc ($164k), Fay School Endowment Fund ($164k) and North Dakota Farm Bureau Foundation ($164k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 79% of the total. At year end it held assets of $4.3m against liabilities of $3.7m, net assets of $556k.