Punjabi Association Hasda Punjab Inc

Analysis

Punjabi Association Hasda Punjab Inc is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Punjabi Association Hasda Punjab Inc reported income of $171k and spending of $166k, spending 97% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $199k to $171k (-14%), an average of -7.3% a year. The sharpest change came in the year to December 2022, when income dropped by 22%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Punjabi Association Hasda Punjab Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include Coleman Chamber Music Association of Pasadena Calif ($171k), Resilience Dance Company STL ($171k) and Historic Hampton Incorporated ($171k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $126k against liabilities of $0, net assets of $126k.