Austin Kannada Sangha

Analysis

Austin Kannada Sangha is a registered charity in United States, based in Round Rock, TX. It received its IRS tax-exemption ruling in November 2001, 25 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, Austin Kannada Sangha reported income of $69k and spending of $80k, spending 116% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $103k to $69k (-33%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Austin Kannada Sangha sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within TX. Charities of a similar size with the same main cause include Suffolk County Police Steuben Asscociation Inc ($69k), Oisd Competition Team Guild Inc ($69k) and The Baroque Orchestra of New Jersey Inc ($69k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $66k against liabilities of $0, net assets of $66k.