Elite Naach Academy

Analysis

Elite Naach Academy is a registered charity in United States, based in Corte Madera, CA. It received its IRS tax-exemption ruling in October 2023, 3 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, Elite Naach Academy reported income of $131k and spending of $110k, spending 84% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $18k to $131k (+637%), an average of +95% a year. The sharpest change came in the year to December 2021, when income rose by 134%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Elite Naach Academy sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 46th percentile within CA. Charities of a similar size with the same main cause include Mad River and NKP Railroad Society ($131k), Chinese Institute of Engineers New York Inc ($131k) and Latinx Playwrights Circle Inc ($131k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. At year end it held assets of $9,911 against liabilities of $38k, net assets of -$28k.