Telugu Fine Arts Society Inc

Analysis

Telugu Fine Arts Society Inc is a registered charity in United States, based in Franklin Park, NJ. It received its IRS tax-exemption ruling in May 1986, 40 years ago. 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 Fine Arts Society Inc reported income of $312k and spending of $273k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $93k to $312k (+237%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 289%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Telugu Fine Arts Society Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 69th percentile within NJ. Charities of a similar size with the same main cause include Westmoreland Volunteer Fire Dept Inc ($312k), Red Lake Falls Childrens Center Inc ($312k) and New Caney Horizons Inc ($312k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 9.6% of the total. At year end it held assets of $766k against liabilities of $49k, net assets of $717k.