Telugu Association of Kentuckiana

Analysis

Telugu Association of Kentuckiana is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in April 2007, 19 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Telugu Association of Kentuckiana reported income of $54k and spending of $28k, leaving 49% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $71k to $54k (-23%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Telugu Association of Kentuckiana sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within KY. Charities of a similar size with the same main cause include Pinecrest City Music Project Inc ($54k), Lakeshore Community Chorus ($54k) and San Diego Folk Heritage ($54k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $102k against liabilities of $0, net assets of $102k.