Kalapriya Foundation Center for Indian Performing Art Inc

Analysis

Kalapriya Foundation Center for Indian Performing Art Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 2000, 26 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, Kalapriya Foundation Center for Indian Performing Art Inc reported income of $481k and spending of $476k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $231k to $481k (+108%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kalapriya Foundation Center for Indian Performing Art Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within IL. Charities of a similar size with the same main cause include New Federal Theater Inc ($481k), Tucson Arizona Boys Chorus ($482k) and Bay City News Foundation ($481k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $39k (8.1% of expenses). Other salaries and wages came to $84k. At year end it held assets of $342k against liabilities of $313k, net assets of $29k. It reported 7 employees.