Socho USA - India Foundation

Analysis

Socho USA - India Foundation is a registered charity in United States, based in Plainsboro, NJ. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Socho USA - India Foundation reported income of $63k and spending of $25k, leaving 61% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $39k to $63k (+63%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 153%. Over the whole period it spent 63% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Socho USA - India Foundation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 32nd percentile within NJ. Charities of a similar size with the same main cause include Sharing Gods Light Inc ($63k), Pine Cay Project ($63k) and Globe4ukraine ($63k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $46k against liabilities of $0, net assets of $46k.