Chakra Institute Inc

Analysis

Chakra Institute Inc is a registered charity in United States, based in Prescott, AZ. It received its IRS tax-exemption ruling in February 1976, 50 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 2022, Chakra Institute Inc reported income of $90k and spending of $186k, spending 207% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $136k to $90k (-34%), an average of -13% a year. The sharpest change came in the year to December 2021, when income dropped by 45%. Over the whole period it spent 135% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chakra Institute Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 31st percentile within AZ. Charities of a similar size with the same main cause include Old Bath Custom House Inc ($90k), Elgin Sports Hall of Fame Foundation Inc ($90k) and Ptsa Connecticut Inc ($90k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $127k against liabilities of $127k, net assets of $0.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.