Hingwe & Sharma Foundation
Only null% goes to programs Strong reserves Declining revenue
Hingwe & Sharma Foundation is a 501(c)(3) organization based in Wilmington, Delaware, registered in 2023, with $86,523 in FY2024 revenue. CharityIndex grades it C+.
Foundation Source 501 Silverside Rd, Wilmington, DE, 19809 EIN 87-3157540 Since 2023
Revenue (FY2024)
$87K
▲ 1885.1% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$13K
Net assets
$334K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Hingwe & Sharma Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating300 mo reserves · +85% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Hingwe & Sharma Foundation: 300 mo reserves · +85% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Hingwe & Sharma Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Hingwe & Sharma Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Foundation Source 501 Silverside Rd, Wilmington, DE, 19809
- City
- Wilmington
- State
- Delaware
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $296K (FY2021) to $87K (FY2024) across 4 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $334K
Operating margin
84.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$334K
Total liabilities
$0
Net assets
$334K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $86,523▲1885% | $13,331▲37.5% | $333,633▲28.1% | $333,633▲28.1% | 990PF |
| 2023 | -$4,847▲21.7% | $9,697▲11.7% | $260,441▼5.3% | $260,441▼5.3% | 990PF |
| 2022 | -$6,188▼102% | $8,678▲33.5% | $274,985▼5.1% | $274,985▼5.1% | 990PF |
| 2021 | $296,351 | $6,500 | $289,851 | $289,851 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Hingwe & Sharma Foundation a legitimate nonprofit?
- Yes. Hingwe & Sharma Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 87-3157540, based in Wilmington, Delaware. Donations are tax-deductible.
- What is Hingwe & Sharma Foundation's EIN?
- Hingwe & Sharma Foundation's Employer Identification Number (EIN) is 87-3157540.
- How much revenue does Hingwe & Sharma Foundation report?
- Hingwe & Sharma Foundation reported $86,523 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Hingwe & Sharma Foundation have?
- CharityIndex grades Hingwe & Sharma Foundation C+, based on financial health (reserves and operating margin).
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Data for Hingwe & Sharma Foundation (EIN 87-3157540) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.