Tiyara Inc
Nonprofit profile at a glance
- EIN
- 852685602
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990 2020, Form 990-EZ 2024, Form 990-N 2022
- Location
- Alphareta, GA, USA
- Phone
- 3126209598
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- International Relief
Reported finances
- Revenue
- $77,083
- Expenses
- $98,729
- Assets
- $21,200
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- THILAKA SAMUEL (CEO)
People named in this filing
- THILAKA SAMUEL (CEO)
- SANJAY SOJWAL (PRES./BOARD)
- YAHSA SOJWAL (SEC./EX OFFI)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide higher educational and vocational training scholarships to socioeconomically marginalized students overseas. This provides a pathway to stable employment that elevates lives, and helps break generational cycles of poverty. After graduation, tiyara scholarship recipients typically increase their family's income from 2 to over 6 times. They help support siblings, parents and are often intentional about giving back to the community. We work with well established local partner agencies on the ground.
What it reported doing in 2024
By the end of the fiscal year, 77 tiyara alumni had graduated on tiyara scholarships, and there were 40 current scholars being supported in india and thailand through 7 local partner agencies. The scholars come from diverse backgrounds of indigenous and socially oppressed groups. Alumni and scholars are spread across diverse sectors ranging from aviation, health, hospitality, engineering, medical and law to name a few. Tiyara scholarships support scholars until they graduate. By the end of fy 2024, 74 graduated on tiyara scholarships. 38 scholars were actively funded during fy 24. An mou was signed with a partner in northern thailand, and the first tiyara scholarship was extended to an underserved scholar there.
Operating model
- Revenue model
- Donor-supported. 99% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 59% for direct work, and 41% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 82
- Sustainability: 21
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 96.2%; rating input score 96
- Program expense ratio: 75.1%; rating input score 75
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -28.1%; rating input score 19; 19th percentile among comparable filings
- Total-asset coverage ratio: 0.21; rating input score 17; 17th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 42.8% per year; rating input score 100; 92nd percentile among comparable filings
- Revenue growth: -2% per year; rating input score 0; 43rd percentile among comparable filings
- Asset growth: -19.5% per year; rating input score 0; 10th percentile among comparable filings
Details
- Where the money goes: 96.2% of revenue deployed · 75.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $74K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 19/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 17/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.