Public Charity

SITARE FOUNDATION

SITARE FOUNDATION is a Public Charity headquartered in PALO ALTO, CA. Financial data from the 2024 filing: $5.1M revenue, $3.2M expenses, $39.0M total assets. 5 publicly reported grants to this organization, totaling roughly $11.2M, appear in IRS filings.

EIN: 825003065 PALO ALTO, CA Fund Raising & Fund Distribution NTEE: Q12 Latest filing: 2024
Total Revenue$5.1M
Total Expenses$3.2M
Total Assets$39.0M
Grant Records5
Funding Total$11.2M
Filing Years2020–2024

Mission

SITARE FOUNDATION IS AN ORGANIZATION THAT WILL PROVIDE EDUCATION TO UNDERPRIVILEGED CHILDREN. A MIND IS A TERRIBLE THING TO WASTE. SITARE FOUNDATION BELIEVES THAT BY GIVING THE BRIGHTEST CHILDREN THE BEST POSSIBLE EDUCATION, THEY WILL GROW UP TO BECOME SOME OF THE BEST PROFESSIONALS THIS WORLD HAS WITNESSED. SITARE FOUNDATION IS AIMED TO CULTIVATE A CULTURE OR GIVING AND CREATING BRIGHT MINDS TO BE NET CONTRIBUTORS TO THE SOCIETY. IF EACH KID THAT GETS BENEFIT IN RETURN PROVIDES MENTORSHIP AND GUIDANCE TO TEN OR MORE UNDERPRIVILEGED CHILDREN, THE SITARE MOVEMENT WILL BE HUGE. SITARE FOUNDATION HAS BEEN FORMED TO RAISE MONEY THROUGHOUT CALIFORNIA AND EVENTUALLY NATIONWIDE.

Where $100 goes at Sitare Foundation

How Sitare Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 4 years.

$89 Programs the work itself
$11 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $89 for programs

$77
The foundation supports charitable projects for the hope and dreams trust through a fiscal sponsorship agreement to provide high-quality education to underprivileged children in india who show high…
86% of program spending
$12
In only its seventh year since formation, the Sitare Foundation has secured $26 million of contributions to further its charitable purpose of providing education to underprivileged children in…
14% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

2024
FUNDS RAISED BY GLOBALGIVING AND DISBURSED TO MEET DONOR EXPECTATIONS
$4,043,628
2023
FUNDS RAISED BY GLOBALGIVING AND DISBURSED TO MEET DONOR EXPECTATIONS
$3,955,673
2022
FUNDS RAISED BY GLOBALGIVING AND DISBURSED TO MEET DONOR EXPECTATIONS
$1,250,000
2021
FUNDS RAISED BY GLOBALGIVING AND DISBURSED TO MEET DONOR EXPECTATIONS
$1,500,000
2020
FUNDS RAISED BY GLOBALGIVING AND DISBURSED TO MEET DONOR EXPECTATIONS
$500,000

Showing up to 5 of 5 total records — full history available with membership.

Officers & Directors

SECRETARY Amitabh K Singhal
CFO Pandurang Nayak
PRESIDENT Shilpa Singhal

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$11,249,301 5 grants

Financial Trends

Year Revenue Expenses Assets
2024 $5.1M $3.2M $39.0M
2023 $4.1M $4.1M $27.3M
2022 $3.8M $1.4M $22.1M
2020 $17.1M $547K $17.3M

Between 2020 and 2024, reported annual revenue declined from $17.1M to $5.1M (-70%), with total assets most recently reported at $39.0M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for SITARE FOUNDATION

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