Overview
What is Swaniti Initiative?
Swaniti Initiative is a nonprofit organization situated in Houston, Texas, with a focus on aiding the transition of Chhattisgarh, a mining-rich state in India, towards sustainable and eco-friendly economic opportunities. Funded by SED-3 and McArthur, Swaniti provides research support and technical assistance to help the state leverage its forest cover for sustainable harvesting of products like bamboo, organic herbs, and traditional agricultural methods. By conducting on-ground research and facilitating discussions with industry leaders, Swaniti aims to create an economic case for a climate-friendly transition while alleviating poverty. Their mission aligns with strengthening education, health, and governance systems in India, aiming to foster a generation of civically-oriented individuals through education, employment, and empowerment. Word count: 117
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
Swaniti Initiative has achieved an 82% rating on Charity Navigator, reflecting a solid performance primarily in Accountability & Finance. This high score signifies the organization's commitment to transparency and responsible financial management, which is critical for donor confidence and sustainability.
The organization boasts a fully independent board and has demonstrated excellent practices by having no material diversion of assets. Their financial health is further underscored by a very high program expense ratio of 98.22%, indicating that the majority of their funding is directed towards their programs rather than administrative costs.
While Swaniti Initiative shows strong financial practices, potential donors may want to consider additional information regarding its overall impact and effectiveness in achieving its mission, which is not covered solely by financial metrics. Nevertheless, the nonprofit's robust governance policies and financial ratios position it favorably for accountability among its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Swaniti Initiative legitimate?
Swaniti Initiative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Swaniti Initiative submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $207,852
For more financial information, click here
What is the mission statement of Swaniti Initiative?
Swaniti Initiative aims to support the development of youth in India by strengthening the education, health, and governance systems. Their mission is to foster a generation of civically-oriented individuals through education, employment, and empowerment. The organization provides knowledge support, conducting research and facilitating discussions, to help transition coal-reliant regions towards green industries and sustainable economic opportunities. Their goal is to create an economic case for climate-friendly development, alleviate poverty, and contribute to a greener future.
Who is the CEO of Swaniti Initiative?
Shantanu Agarwal is the President of Swaniti Initiative.
What is the revenue of Swaniti Initiative?
Swaniti Initiative's revenue in 2022 was $2,442,576.
Who are the executives of Swaniti Initiative and what are their salaries?
The average compensation at Swaniti Initiative during 2022 was $103,926. There are 2 employees and 4 volunteers at Swaniti Initiative.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $95,077
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Swaniti Initiative?
Swaniti Initiative's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Swaniti Initiative
Swaniti Initiative is committed to supporting the development of youth in India by strengthening the education, health, and governance systems. Their mission is to foster a generation of civically engaged individuals by providing education, employment, and empowerment opportunities. In pursuit of this goal, Swaniti Initiative offers knowledge support to aid in the transition of a mining-rich state in Chhattisgarh toward green economic opportunities. By leveraging the state's forest cover, they aim to promote sustainable harvesting of green products such as bamboo, organic herbs, and traditional agricultural methods. Swaniti Initiative conducts on-ground research to map prospective products and their market viability, and facilitates discussions with industry leaders to help the state understand how to integrate green and renewable industries within its borders. Their ultimate objective is to create an economic case for transitioning toward climate-friendly opportunities while alleviating poverty. Swaniti Initiative plays a crucial role in empowering youth in India by fostering a sustainable and green economic future.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Swaniti Initiative's impact can be seen in its efforts to support the development of youth in India by strengthening the education, health, and governance systems. One notable project involved providing knowledge support to the mining-rich state of Chhattisgarh to transition towards green economic opportunities. With funding from SED-3 and McArthur, Swaniti's team conducted research and provided technical assistance to help the state leverage its forest cover for sustainable harvesting of green products like bamboo, organic herbs, and traditional agricultural methods.
Through on-ground research and market analysis, Swaniti facilitated discussions with industry leaders to explore opportunities for green and renewable industries within the state. The objective was to create an economic case for transitioning towards climate-friendly opportunities while alleviating poverty. By laying the foundation for this transition, Swaniti has played a significant role in promoting sustainable development and economic growth in Chhattisgarh.
This initiative showcases Swaniti's commitment to generating positive impact by empowering communities, fostering environmental sustainability, and creating pathways for economic prosperity.
This information is meant to be a general summary of Swaniti Initiative. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1
- Gross Receipts: $2,442,576
Assets and Liabilities:
- Total Assets: $1,700,516
- Total Liabilities: $59,340
- Net Assets: $1,641,176
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2012
Phone
(415) 868-5533Principal Officer
Shantanu Agarwal
Main Address
1109 MARCONI STREET, HOUSTON, TX, 77019
NTEE Category
Code: W24 - Public benefit
If you are a representative of Swaniti Initiative and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.