Sanskriti Inc

Analysis

Sanskriti Inc is a registered charity in United States, based in Potomac, MD. It received its IRS tax-exemption ruling in October 1983, 43 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, Sanskriti Inc reported income of $147k and spending of $169k, spending 115% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $969k to $147k (-85%), an average of -61% a year. The sharpest change came in the year to December 2022, when income dropped by 89%. Over the whole period it spent 124% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sanskriti Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within MD. Charities of a similar size with the same main cause include Westford Suzuki School Inc ($147k), Attic Productions Inc ($147k) and Oklahoma Forest Heritage Center Inc ($147k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $32k against liabilities of $0, net assets of $32k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.