SGS Raga Sagara Inc

Analysis

SGS Raga Sagara Inc is a registered charity in United States, based in Frisco, TX. It received its IRS tax-exemption ruling in December 2010, 16 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, SGS Raga Sagara Inc reported income of $212k and spending of $283k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $428k to $212k (-50%), an average of -16% a year. The sharpest change came in the year to December 2022, when income rose by 85%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, SGS Raga Sagara 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 55th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include Ahiska Turkish-American Community Center ($212k), Clues Real Estate Holding Company ($212k) and Friends of Hauberg Civic Center ($212k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.1% of the total. At year end it held assets of $278k against liabilities of $4,500, net assets of $274k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.