Society of Nepalese in America

Analysis

Society of Nepalese in America is a registered charity in United States, based in Branford, CT. It received its IRS tax-exemption ruling in January 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Society of Nepalese in America reported income of $81k and spending of $86k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $24k to $81k (+238%), an average of +238% a year. The sharpest change came in the year to December 2023, when income rose by 238%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Society of Nepalese in America sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within CT. Charities of a similar size with the same main cause include Friends of the University of Hong Kong Ltd ($81k), Muraco Elementary School Parents Association ($81k) and Classical Conversations of North Olmsted ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. At year end it held assets of $39k against liabilities of $0, net assets of $39k.