Iisc Foundation

Analysis

Iisc Foundation is a registered charity in United States, based in Allen, TX. It received its IRS tax-exemption ruling in June 2022, 4 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, Iisc Foundation reported income of $1.8m and spending of $1.8m, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $273k to $1.8m (+555%), an average of +555% a year. The sharpest change came in the year to December 2023, when income rose by 555%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Iisc Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Clarke Pennsylvania Inc ($1.8m), Asm Materials Education Foundation ($1.8m) and Bright Prospect ($1.8m).

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 $309k against liabilities of $19k, net assets of $290k.