Nepali Cultural and Spiritual Center

Analysis

Nepali Cultural and Spiritual Center is a registered charity in United States, based in Euless, TX. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2022, Nepali Cultural and Spiritual Center reported income of $428k and spending of $359k, spending 84% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.1m to $428k (-59%), an average of -26% a year. The sharpest change came in the year to December 2021, when income rose by 444%. Over the whole period it spent 30% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Nepali Cultural and Spiritual Center sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Ultramontane Associates Inc ($428k), Steve Pettit Evangelistic Assoc Inc ($428k) and Shiva-Shakti Center Inc ($428k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $85k. At year end it held assets of $4.1m against liabilities of $748k, net assets of $3.3m. It reported 5 employees.