Sri Annamacharya Project of North America Inc

Analysis

Sri Annamacharya Project of North America Inc is a registered charity in United States, based in Flossmoor, IL. It received its IRS tax-exemption ruling in November 1993, 33 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Sri Annamacharya Project of North America Inc reported income of $58k and spending of $59k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $34k to $58k (+74%), an average of +74% a year. The sharpest change came in the year to December 2023, when income rose by 74%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sri Annamacharya Project of North America Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 24th percentile within IL. Charities of a similar size with the same main cause include Marco Island Womans Club Charitable Foundation Inc ($58k), Lancaster County Community Center ($58k) and Marge Williams Center ($58k).

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 $7,743 against liabilities of $0, net assets of $7,743.