Indian Institute of Technology Kanpur Foundation Inc

Analysis

Indian Institute of Technology Kanpur Foundation Inc is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in January 2001, 25 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, Indian Institute of Technology Kanpur Foundation Inc reported income of $8.7m and spending of $9.7m, spending 112% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.0m to $8.7m (+763%), an average of +105% a year. The sharpest change came in the year to December 2021, when income rose by 800%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Indian Institute of Technology Kanpur Foundation Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Mountain Island Day ($8.7m), Congregation Bnos Yaakov Inc ($8.7m) and American Constitution Society for Law and Policy ($8.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $2.8m against liabilities of $0, net assets of $2.8m.