Telangana American Telugu Association Inc

Analysis

Telangana American Telugu Association Inc is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in June 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Telangana American Telugu Association Inc reported income of $421k and spending of $12k, leaving 97% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income fell from $854k to $421k (-51%), an average of -13% a year. The sharpest change came in the year to December 2022, when income rose by 271%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Telangana American Telugu Association Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 73rd percentile within NJ. Charities of a similar size with the same main cause include American-Italian Renaissance Foundation ($421k), Arizona Band & Orchestra Directors Association ($421k) and State Theatre for the Arts ($420k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $678k against liabilities of $0, net assets of $678k.