Telugu Association of North America Incorporated

Analysis

Telugu Association of North America Incorporated is a registered charity in United States, based in Novi, MI. It received its IRS tax-exemption ruling in March 1980, 46 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, Telugu Association of North America Incorporated reported income of $7.9m and spending of $7.8m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.1m to $7.9m (-2.3%), an average of -0.6% a year. The sharpest change came in the year to December 2020, when income dropped by 67%. 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, Telugu Association of North America Incorporated sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include The Nasdaq Entrepreneurial Center Inc ($7.9m), Alliance for California Traditional Arts ($7.9m) and National Museum of Mathematics ($7.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 60% of the total. At year end it held assets of $9.1m against liabilities of $0, net assets of $9.1m.