Carnatic Music Association of North America Inc

Analysis

Carnatic Music Association of North America Inc is a registered charity in United States, based in Blue Bell, PA. It received its IRS tax-exemption ruling in October 1984, 42 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Carnatic Music Association of North America Inc reported income of $157k and spending of $160k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $94k to $157k (+67%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 151%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Carnatic Music Association of North America Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within PA. Charities of a similar size with the same main cause include On Our Own II Inc ($157k), Achievement Foundation Inc ($157k) and Three Bridges Vol Fire Co 1 Inc ($157k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. At year end it held assets of $735k against liabilities of $0, net assets of $735k.