Telugu Association of North Texas Inc

Analysis

Telugu Association of North Texas Inc is a registered charity in United States, based in Grapevine, TX. It received its IRS tax-exemption ruling in May 1987, 39 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 December 2023, Telugu Association of North Texas Inc reported income of $106k and spending of $97k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $145k to $106k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Telugu Association of North Texas Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 41st percentile within TX. Charities of a similar size with the same main cause include Crime Victims Advocacy Council Inc ($106k), Cost of Freedom Inc ($106k) and PTA Florida Congress ($106k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $286k against liabilities of $0, net assets of $286k.