Sonar Bangla Foundation

Analysis

Sonar Bangla Foundation is a registered charity in United States, based in Santa Clara, CA. It received its IRS tax-exemption ruling in January 2011, 15 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Sonar Bangla Foundation reported income of $719k and spending of $693k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $280k to $719k (+156%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 128%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sonar Bangla Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Baptist Health Deaconess Madisonville Foundation Inc ($718k), National Stuttering Association ($719k) and Vermont Psychiatric Survivors Inc ($718k).

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 $526k against liabilities of $2,005, net assets of $524k.