Layyasaaram Institute of Indian Arts

Analysis

Layyasaaram Institute of Indian Arts is a registered charity in United States, based in Excelsior, MN. It received its IRS tax-exemption ruling in July 2014, 12 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, Layyasaaram Institute of Indian Arts reported income of $76k and spending of $67k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $92k to $76k (-18%), an average of -4.7% a year. The sharpest change came in the year to December 2020, when income dropped by 48%. 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, Layyasaaram Institute of Indian Arts sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 26th percentile within MN. Charities of a similar size with the same main cause include Pepperell Community Media Inc ($76k), Formula Automotive Museum ($76k) and Vision Earth Society Incorporated ($76k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. At year end it held assets of $39k against liabilities of $1,280, net assets of $38k.