India Currents Foundation FY2023 filing

Tax-deductible

San Jose, CA501(c)(3)Since 2019EducationEIN 83-3257703Revenue $486K in FY2023

On file with the IRSindiacurrents.com3343 Belgrove Cir, 95148-3103 · San Jose, CATax-exempt since Aug 2019Publicly supported charity — 170(b)(1)(A)(vi)

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Advocacy of voices of minority communities, in particular the south asian population in the u.s. Through online media and distributing stories/content to and from ethnic & minority communities.

501(c)(3) charity; gifts are tax-deductible.
57¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $2K a year · under 1% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
57%
of spending
Worth a look: 57% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 6.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$32K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$486K
+60% vs prior year
Spent
$367K
To programs
57%
Net assets
$202K
By yearFY2019–FY2025
Revenue
$486K
FY2023▲ +60%
Tap a bar for its year
Revenue by fiscal year
FY2019$12K
FY2020$83K
FY2021$127K
FY2022$304K
FY2023$486K
FY2024$307K
FY2025$246K
Expenses
$367K
FY2023▲ +48%
Tap a bar for its year
Expenses by fiscal year
FY2019Not on file
FY2020Not on file
FY2021Not on file
FY2022$248K
FY2023$367K
FY2024$402K
FY2025$334K
Net assets
$202K
FY2023▲ +144%
Tap a bar for its year
Net assets by fiscal year
FY2019$3K
FY2020$5K
FY2021$26K
FY2022$83K
FY2023$202K
FY2024$107K
FY2025$61K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

57 cents of each dollar spent went to programs.

Program services 57% · $208K Management & general 34% · $125K Fundraising 9% · $34K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A

Prachi Jiyalal Singh’s $62K as Engagement Editor is at the 54th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2025FY2022FY2021FY2020
Prachi Jiyalal Singh$62,250———
Vandhana Kumar$40,300———
Vijay Rajvaidya$25,000—$12,000—
Vandana Kumar—$21,000$2,000$2,000
Vijay K Rajvaidya———$5,900

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Amplifies minority voices, especially South Asians, through online media and shared stories.

Questions for India Currents Foundation

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Provided by the organization

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1 program · $208K · in their own filed words · FY2023
01

Grants, public support, apeals, silicon kalley community, city of san jose sponsorships, univeristy of california etc

$208Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$50K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$486K
Ln 12
Gifts and grantsLn 1h$486K
Money outPt IX
$367K
Ln 25
Programscol B$208K
Managementcol C$125K
Fundraisingcol D$34K
Owns and owesPt X
$202K
net assets · Ln 32
Cash and savingsLn 1–2$205K
Total assetsLn 16$234K
LiabilitiesLn 26$32K
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$486K
Total revenueLn 12$486K
Assets in detailPt X, end of year
CashLn 1$205K
Cash and savings togetherLn 1–2$205K
Total assetsLn 16$234K
LiabilitiesLn 26$32K
Net assetsLn 32$202K
OperationsPt I, VI
EmployeesI 53
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$112K$205K
Total assetsLn 16$115K$234K
LiabilitiesLn 26$32K$32K
Net assetsLn 32$83K$202K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$250$1K$250
Office expensesLn 13$2K$500$997$500
TravelLn 17$5K$2K$3K$500
Other expenses (24a–d)Ln 24$324K$201K$96K$27K
All other expensesLn 24e$35K$5K$24K$6K
Total functional expensesLn 25$367K$208K$125K$34K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $246K$334K−$89K$61K 990 PDF
FY2024 $307K$402K−$95K$107K 990 PDF
FY2023 Viewing $486K$367K$119K$202K 990 PDF
FY2022 $304K$248K$56K$83K 990 PDF
FY2021 $127K$26K 990 PDF
FY2020 $83K$5K 990 PDF
FY2019 $12K$3K 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
See the full FY2023 990 (6 parts)
Part I · Summary $486,282 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $304,342$486,282
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $304,342$486,282
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $248,402$367,202
I-18 Total expensesPrior year $248,402$367,202
I-19 Revenue less expensesPrior year $55,940$119,080
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $486,282 across 3 lines filed
VIII-1f All other contributions, gifts and grants$486,282
VIII-1h Total contributions, gifts and grants$486,282
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$486,282
Part IX · Statement of functional expenses $367,202 across 5 lines filed
IX-11c Accounting feesPrograms $250 · Management $1,494 · Fundraising $250$1,994
IX-13 Office expensesPrograms $500 · Management $997 · Fundraising $500$1,997
IX-17 TravelPrograms $1,500 · Management $2,743 · Fundraising $500$4,743
IX-24 Other expenses (24a–d)Programs $200,991 · Management $95,897 · Fundraising $27,000$323,888
IX-24e All other expensesPrograms $5,071 · Management $23,917 · Fundraising $5,592$34,580
IX-25 Total functional expensesPrograms $208,312 · Management $125,048 · Fundraising $33,842$367,202
Part X · Balance sheet $234,228 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $112,103$204,571
X-4 Accounts receivableStart of year $2,150$2,600
X-14 Intangible assetsStart of year $319$27,057
X-16 Total assetsStart of year $114,572$234,228
X-17 Accounts payable and accrued expensesStart of year $16,100$16,100
X-26 Total liabilitiesStart of year $31,893$32,469
X-32 Total net assets or fund balancesStart of year $82,679$201,759
X-33 Total liabilities and net assetsStart of year $114,572$234,228
Part XI · Reconciliation of net assets $201,759 net assets at year end
XI-1 Total revenue$486,282
XI-2 Total expenses$367,202
XI-3 Revenue less expenses$119,080
XI-4 Net assets at start of year$82,679
XI-10 Net assets at end of year$201,759

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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