Association of Kannada Kootas of America Inc

Analysis

Association of Kannada Kootas of America Inc is a registered charity in United States, based in Hightstown, NJ. It received its IRS tax-exemption ruling in May 1999, 27 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Association of Kannada Kootas of America Inc reported income of $115k and spending of $140k, spending 122% of what it took in. Across the 3 years on record, from December 2019 to December 2021, income fell from $173k to $115k (-34%), an average of -18% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Association of Kannada Kootas of America Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 48th percentile within NJ. Charities of a similar size with the same main cause include Canadian Arts Alliance ($115k), End the Race ($115k) and Danse4nia Repertory Ensemble ($115k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. At year end it held assets of $303k against liabilities of $2,843, net assets of $300k.