Murthy Charity Foundation
- Assets
- $134.5k
- Revenue
- $28.1k
- Investments
- $104.0k
- Employees
- 0
- Location
- Spring, TX
- Founding
- Data as of
- 12/2022
- EIN
- 84-1833204
Organization Overview
Murthy Charity Foundation is located in Spring, TX. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Murthy Charity Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Murthy Charity Foundation generated $28.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (43.5%) each year. All expenses for the organization totaled $47.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ravi Murthy Director | 6 | $0 | |
Riya Murthy Director | 8 | $18,000 | |
Rachita Murthy Director | 8 | $18,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $26,913 |
| Interest on Savings | $135 |
| Dividends & Interest | $182 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $858 |
| Capital Gain Net Income | $858 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$3 |
| Total Revenue | $28,085 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $39,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $8,082 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $47,082 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $47,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $30,459 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,804 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $134,501 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Murthy Charity Foundation has awarded $4,950 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
UT MD ANDERSON CANCER CEN PURPOSE: CANCER RESEARCH | $1,000 |
PATH PURPOSE: RELIEF SERVICES | $1,000 |
ELECTRONIC FRONTIER FOUNDATION PURPOSE: PROTECTING PRIVACY RIGHTS | $100 |
JAMMA JAMMA FOUNDATION PURPOSE: HELPING CHILDHOOD EDUCATION | $2,000 |
UNICEF USA PURPOSE: HUMANITARIAN RELIEF | $500 |
ACLU PURPOSE: PROTECTING CIVIL LIBERTIES | $100 |