Kalanidhi Dance

Analysis

Kalanidhi Dance is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in September 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 June 2023, Kalanidhi Dance reported income of $511k and spending of $385k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to June 2023, income grew from $301k to $511k (+70%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kalanidhi Dance sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MD. Charities of a similar size with the same main cause include Central Kentucky Youth Orchestra Society Inc ($511k), Nami Sonoma County ($511k) and Camp Wakeshma of St Joseph Co Inc ($511k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $80k (21% of expenses). Other salaries and wages came to $83k. At year end it held assets of $944k against liabilities of $43k, net assets of $901k. It reported 3 employees.