Academy of Kuchipudi Dance Inc

Analysis

Academy of Kuchipudi Dance Inc is a registered charity in United States, based in Suwanee, GA. It received its IRS tax-exemption ruling in February 2013, 13 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, Academy of Kuchipudi Dance Inc reported income of $73k and spending of $85k, spending 116% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $93k to $73k (-21%), an average of -11% a year. The sharpest change came in the year to December 2022, when income dropped by 26%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Academy of Kuchipudi Dance Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within GA. Charities of a similar size with the same main cause include Central Louisiana Community Theatre ($73k), Summerfest Concerts And-Or Recordings Inc ($73k) and Lemon Sponge Cake Contemporary Ballet ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 7.2% and program service revenue 92% of the total. At year end it held assets of $26k against liabilities of $0, net assets of $26k.