Avasara Foundation Fka the Leadership Foundation of India FY2023 filing

Whitehouse Station, NJ · Public charity (501(c)(3)) · Since 2010 · Education

✓ Tax-deductible Latest data FY2023
Revenue
$428K
▲ +133% vs prior year
Spent
$161K
To programs
96%
Net assets
$657K
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Form 990 for the fiscal year ending March 2023 (IRS tax year 2022).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Foundation funders?
1 funder — Charities Aid Foundation America
$200K in the latest grant year.
Spent on programs?
96% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↑ +133% vs prior year
Legal name (IRS)Hdr · item CAvasara Foundation Fka the Leadership Foundation of India
EINHdr · item D27-2425805
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFFeb 2011
Year of formationHdr · item L2010
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CWhitehouse Station, NJ
NTEE classificationIRS BMFEducation (B12)

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$154K
Management & general4%$6K
Total functional expensesLn 25$161K

Financial health

Revenue & expenses by yearFY2021–FY2025
Revenue
$428K
FY2023▲ +133%
Expenses
$161K
FY2023▲ +47%
Program efficiency
96%
of spending reaches programs
Operating runway
49.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+62%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$657K
FY2023▲ +68%
Total liabilities
$0
FY2023
Revenue less expensesPt I · Ln 19$267K
Total assetsPt X · Ln 16$657K
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$657K
Total assetsLn 16$657K
Total liabilitiesLn 26$0
Total net assetsLn 32$657K
Months of cash on handcomputed49.0

Statement of Revenue

Part VIII
Contributions & grants100%$427K
Investment income$288
Total revenueLn 12$428K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $657K · Operating expenses/yr $161K
49.0 months
Where the money goes
Program services
Program services $154K · Total expenses $161K
96%
Management & General
Management & general $6K · Total expenses $161K
4%
Fundraising
Fundraising $0 · Total expenses $161K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $278K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $427K · Total revenue $428K
100%
Government reliance
Government grants — · Total revenue $428K
—
Earned-income share
Program service revenue $0 · Total revenue $428K
0%
Investment reliance
Investment income $288 · Total revenue $428K
+0.07%
Program self-sufficiency
Program service revenue $0 · Total expenses $161K
0%
Growth & trend
Revenue growth (YoY)
This year $428K · Prior year $183K
+133%
Net-asset trend (YoY)
End of year $657K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $428K · Expenses $161K
+62%
Liabilities-to-Assets
Total liabilities — · Total assets $657K
—
Net-asset ratio
Net assets $657K · Total assets $657K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $657K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Catherine Dea Code · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $161K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $161K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 96%——
Overhead ratio 4%——
Fundraising cost ratio 0%——
Revenue growth 133%——
Legal fee ratio 0.3%——
Accounting fee ratio 0.8%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President & Treas
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Avasara Foundation Fka the Leadership Foundation of India executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Mission and programs

Empowering young women in India to become future leaders through education and support.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $154K of program spending, described in the organization's own filed words · FY2022.
01

The mission of the leadership foundation of india is to invest in and empower the next generation of women leaders in india by building a community of supporters and dedicated resources for girls' education and leadership development.

$154Kprogram expense

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Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$200K

Filing history

YearRevenueExpensesChangeFiling
FY2025 $230K$161K-10% 990 PDF
FY2024 $256K$463K-40% 990 PDF
FY2023 Viewing $428K$161K+133% 990 PDF
FY2022 $183K$109K-18% 990 PDF
FY2021 $222K$146K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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