Gujarati Cultural Association of the Piedmont

Analysis

Gujarati Cultural Association of the Piedmont is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in September 1998, 28 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, Gujarati Cultural Association of the Piedmont reported income of $111k and spending of $123k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $87k to $111k (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2021, when income rose by 198%. Over the whole period it spent 116% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gujarati Cultural Association of the Piedmont sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within NC. Charities of a similar size with the same main cause include Kregel Windmill Factory Museum ($111k), Colorado Film Institute ($111k) and Crossroads Percussion ($111k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 41% of the total. At year end it held assets of $636k against liabilities of $24k, net assets of $612k.

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.