Marathi Kala Mandal

Analysis

Marathi Kala Mandal is a registered charity in United States, based in Potomac, MD. It received its IRS tax-exemption ruling in November 1994, 32 years ago. 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, Marathi Kala Mandal reported income of $162k and spending of $162k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $101k to $162k (+61%), an average of +61% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Marathi Kala Mandal sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within MD. Charities of a similar size with the same main cause include Wabash Marketplace Inc ($162k), Pop Warner Little Scholars Inc ($162k) and Morrisville Senior Servicecenter ($162k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 59% of the total. At year end it held assets of $123k against liabilities of $3,771, net assets of $120k.