Carolina Kannada Balaga

Analysis

Carolina Kannada Balaga is a registered charity in United States, based in Concord, NC. It received its IRS tax-exemption ruling in February 2019, 7 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, Carolina Kannada Balaga reported income of $67k and spending of $70k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $66k to $67k (+1.5%), an average of +1.5% a year. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carolina Kannada Balaga sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within NC. Charities of a similar size with the same main cause include Consuming Fire School of Dance and Fitness Center Inc ($67k), Grippo Stage Company Inc ($67k) and Lemur Love Inc ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 37% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.