Chinmaya Education Foundation Inc

Analysis

Chinmaya Education Foundation Inc is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in July 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, Chinmaya Education Foundation Inc reported income of $1.1m and spending of $549k, leaving 49% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $5.3m to $1.1m (-80%), an average of -55% a year. The sharpest change came in the year to December 2022, when income dropped by 56%. Over the whole period it spent 12% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chinmaya Education Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within MI. Charities of a similar size with the same main cause include Bethany Charter School ($1.1m), Muskegon Catholic Education Foundation Inc ($1.1m) and Academy for Five Element Acupuncture Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% of the total. At year end it held assets of $7.6m against liabilities of $0, net assets of $7.6m.