California · Nonprofit
INDIASPORA
INDIASPORA (California) receives grants from 61 organizations whose IRS filings report $9,421,663 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($1,614,501). 35 of them have funded it in more than one year, and 60% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2024
- $3.8M
- Funders on record
- 61
- Grants received
- $9.4M
- Net assets
- $3.3M
What Indiaspora does
Mission
Transforming the success of the indian diaspora into meaningful impact worldwide.
As stated on its FY2024 Form 990.
Programs
Other EXpenses
$1,929,956 spent86% of program spendingIfg the forum for good was a multi-day event that convened to 500 leaders and 140 speakers from 34 countries to discuss various topics including responsible ai, climate resilience, healthcare innovations, geopolitics, trade, academia, philanthropy, sports, arts, and much more. The inaugural ifg theme, new models for the world, was designed to develop solutions for humanitys most pressing issues and create a legacy for future generations. Hosted in abu dhabi and dubai, the forum featured ted-style talks, fireside chats, group dialogues, activities, wellness sessions, and networking dinners.
$158,657 spent$455,472 earned by the program7% of program spendingAi summits Indiaspora hosted beyond buzzwords: can ai be a force forgood? On april 26th, 2024 featuring 50+ speakers who are leading figures in the technology space. The event served as a hub for meaningful discussions, insightful presentations, and interactive discussions, where participants from diverse backgrounds could come together to share ideas, best practices, and real-world applications of ai for social good.from enhancing access to education and healthcare to promoting environmental sustainability and combating inequality, our speakers delved into ways to examine how ai-centered solutions can drive meaningful change and foster a more equitable and sustainable future for all.Indiaspora hosted the second summit, ai 2.0: re-imagining ai on october 11, 2024, building on the momentum from the inaugural event in april. Given the breakneck pace of ai advancement, Indiaspora reconvened some of the world's leading ai minds and entrepreneurs in the heart of silicon valley to provide fresh insights and analysis on the trajectory of artificial intelligence.this comprehensive summit brought together industry visionaries to explore critical topics shaping our ai-driven future,…
$93,264 spent4% of program spendingImpact report launch: Indiaspora in conjunction with the boston consulting group, released its first report, small community, big contributions, boundless horizons: the indian diaspora in the united states which was launched in washington, dc, san francisco, and new delhi, india. This report celebrated the remarkable achievements of indian americans, both in the us and their contributions to india, while also demonstrating their tremendous impact on society.
$72,932 spent3% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $2,254,809.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $1.5M to $2.5M (+68%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2021 2%. Grants only. Government contracts and fees sit inside program revenue.
82% of INDIASPORA’s revenue is contributions — more donation-reliant than the typical peer (81% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Madhavan Rangaswami
Chairman
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 5 funders to 25 funders, grant income rose $50k → $2.2M.
17 of 61 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 60% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of INDIASPORA’s funders (the co-funder graph). Top 30 of 61 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
INDIASPORA has a broad base — no single funder exceeds 17% of grant income, and it takes 5 funders to reach half.
the vertical line marks half of all grant income — 5 funders to its left
63% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund INDIASPORA.
Largest funder’s share by year: 2017 50% · 2018 39% · 2019 19% · 2020 42% · 2021 15% · 2022 17% · 2023 47% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
61% of INDIASPORA's funders are still giving 3 years after their first grant; 57% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
60% of INDIASPORA's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $3.8M that is directly attributable, 79% of it comes from funders outside California, across 13 states.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $5.6M arriving through sponsors registered in 12 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
INDIASPORA runs a healthier operating margin than three-quarters of the 11,274 human services nonprofits its size.
this organization peer median middle 50% of peers· 11,274 human services nonprofits $1M–$10M, FY2024
Organizations like INDIASPORA
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In California
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
79% of spending goes to programs.
Governance
Public support
98%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Part of a family of 4 related entities
- Shg Foundation · exempt
- Indiaspora Service Pvt Ltd · exempt
- Sand Hill Group LLC · partnership
- Indiaspora Services Pvt Ltd · corp_trust
Screen this organization
A dated, signed PDF of the compliance screen for INDIASPORA: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds INDIASPORA?
- INDIASPORA (California) receives grants from 61 organizations whose IRS filings report $9,421,663 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($1,614,501). 35 of them have funded it in more than one year, and 60% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does INDIASPORA have?
- IRS filings report 61 organizations giving $9,421,663 in grants to INDIASPORA, 35 of which have funded it in more than one year.
- Who is the largest funder of INDIASPORA?
- FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $1,614,501 in grants. The full list of funders is on this page.
- How can an organization like INDIASPORA find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in California. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 61 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing