Indiaspora EIN 46-4246368 Form 990 (PDF) Claim this org

Indiaspora FY2023 filing

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Empowering the Indian diaspora to create global impact through their success. For fiscal year 2023 it reported $2.8M in revenue, $3.4M in expenses, and $899K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
San Francisco, CA
Website
www.indiaspora.org
Filings
5 on file (2020–2023)
Revenue
$2.8MFY2023
Expenses
$3.4M
Net assets
$899K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  46-4246368 Public charity (501(c)(3)) San Francisco, CA
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 8/27/26 · see original: IRS
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Size
$1–10M
What they do
Empowering the Indian diaspora to create global impact through their success.
Leadership
Sanjeev Y Joshipura · Officer · $222K
Money in and out
$2.8M revenue, $3.4M expenses
Bottom line
85% program efficiency
Where the money goes · FY2023
Total revenue
$2.8M
Pt VIII · Ln 12
Total expenses
$3.4M
Pt IX · Ln 25
Net assets
$899K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$529K
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.11 Fundraising $0.04
Program efficiency
85%
of spending reaches programs
Operating runway
3.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
-19%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$2.8M
FY2023▲ +6%
Expenses
$3.4M
FY2023▲ +32%
Total assets
$943K
FY2023▼ -37%
Total liabilities
$44K
FY2023▼ -39%
Total revenue
$2.8M
Pt VIII · Ln 12
Total expenses
$3.4M
Pt IX · Ln 25
Net assets
$899K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$529K
Total assetsPt X · Ln 16$943K
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

3 program services account for $2.9M of program spending, described in the organization's own filed words · FY2022.
01

Increasing the Impact of the Indian Diaspora Worldwideabout

In line with its mission, Indiaspora continued its activities to transform the success of the Indian diaspora into meaningful impact worldwide, we established and expanded Indian diaspora relationships with prominent Indian leaders in the United States, India and several other countries.

$2.0Mprogram expense
02

Khushiabout

Indiaspora launched a Khushi giving campaign to inspire growth, empower global citzens and ignite sustainable change worldwide. During our fiscal year, we distributed funds to Give Foundation. Additional funds raised were distributed after the close of our fiscal year.

$711Kprogram expense
03

Collective Careersabout

Program is a social impact initiative aimed at creating educational and reskilling pathways for under-resourced American talent in underserved communities to build family-sustaining tech and tech-enabled careers. During the fiscal year, we distributed the funds for general operating support for the Collective Careers program.

$183Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIndiaspora
EINHdr · item D46-4246368
Principal addressHdr · item CSan Francisco, CA
WebsiteHdr · item Jwww.indiaspora.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P99)
Ruling yearIRS BMFJul 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$222,000Pt VII · Sec A
$72,024Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2023FY2022FY2021FY2020
Sanjeev Y Joshipura$300,500$251,208$222,000$124,250$154,500$108,500
Neha Dewan$210,711$176,552
Shoba Viswanathan$183,500$141,411
Manasi Dhame$153,000$130,891
Ashish Shah$72,024$110,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$2.7M · 94%
Program service revenue$152K · 5%
Investment income$20K · 1%
Contributions & grants94%$2.7M
Program service revenue5%$152K
Investment income1%$20K
Total revenueLn 12$2.8M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.11 Fundraising $0.04
Program services85%$2.9M
Management & general11%$374K
Fundraising4%$133K
Total functional expensesLn 25$3.4M

Balance Sheet

Part X · end of year
CashLn 1$943K
Total assetsLn 16$943K
Total liabilitiesLn 26$44K
Total net assetsLn 32$899K
Months of cash on handcomputed3.4

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $943K · Operating expenses (Pt IX) $3.4M · Less non-cash grants $29K · Cash operating expenses/yr $3.3M
3.4 months
Where the money goes
Program services
Program services $2.9M · Total expenses $3.4M
85%
Management & General
Management & general $374K · Total expenses $3.4M
11%
Fundraising
Fundraising $133K · Total expenses $3.4M
4%
Cost to raise $1
Fundraising expense (3-yr avg) $134K · Solicited contributions (3-yr avg) $1.8M
$0.07 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $2.7M · Total revenue $2.8M
94%
Government reliance
Government grants — · Total revenue $2.8M
Earned-income share
Program service revenue $152K · Total revenue $2.8M
5%
Investment reliance
Investment income $20K · Total revenue $2.8M
+0.7%
Program self-sufficiency
Program service revenue $152K · Total expenses $3.4M
4%
Growth & trend
Revenue growth (YoY)
This year $2.8M · Prior year $2.7M
+6%
Net-asset trend (YoY)
End of year $899K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.8M · Expenses $3.4M
-19%
Liabilities-to-Assets
Total liabilities — · Total assets $943K
Net-asset ratio
Net assets $899K · Total assets $943K
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $943K
0%
People & payroll
Highest Reported Total Compensation
Individual Sanjeev Y Joshipura · Reported title OFFICER · Highest reported compensation $222K · Total expenses $3.4M
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.0M · Total expenses $3.4M
30%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 85%
Overhead ratio 11%
Fundraising cost ratio 5%
Revenue growth 6%
Investment management fee ratio 0%
Legal fee ratio 0.6%
Accounting fee ratio 2%
Fundraising fee ratio 0%

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.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 26 funders →
Grants paid · 16 grants · $4.2M · 2019–2022
Give Foundation INCCA · FY2022$709,154
Give Foundation INCCA · FY2021$354,045
Edelgive FoundationFY2021$243,122
American Friends of EdelgiveNY · FY2021$159,020
Desai FoundationMA · FY2021$50,000
Food Bank for New York CityNY · FY2021$5,150
Give Foundation INCCA · FY2020$1,152,017
American Friends of EdelgiveNY · FY2020$363,008
Edelgive FoundationFY2020$174,167
Goonj IndiaFY2020$106,000
Feeding AmericaIL · FY2020$42,130
Eb 1 Billion BreathsFY2020$10,257
Feeding AmericaIL · FY2019$412,705
Give FoundationFY2019$386,526
Bay Area Council FoundationCA · FY2019$10,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$3.8M revenue · ⤓ 990 PDF
FY2023$2.8M revenue · viewing · ⤓ 990 PDF
FY2022$2.7M revenue · ⤓ 990 PDF
FY2021$3.6M revenue · ⤓ 990 PDF
FY2020$1.9M revenue · ⤓ 990 PDF

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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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