Kaveri Kannada Association Inc

Analysis

Kaveri Kannada Association Inc is a registered charity in United States, based in Broadlands, VA. It received its IRS tax-exemption ruling in May 1974, 52 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, Kaveri Kannada Association Inc reported income of $108k and spending of $108k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $508k to $108k (-79%), an average of -79% a year. The sharpest change came in the year to December 2023, when income dropped by 79%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kaveri Kannada Association Inc sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within VA. Charities of a similar size with the same main cause include Montvale Parents Teachers Organization ($108k), Hope 3-27 Inc ($108k) and Little League Baseball Inc ($108k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 42% of the total. At year end it held assets of $269k against liabilities of $0, net assets of $269k.