Nepalese Society Inc

Analysis

Nepalese Society Inc is a registered charity in United States, based in Euless, TX. It received its IRS tax-exemption ruling in November 2002, 24 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 2023, Nepalese Society Inc reported income of $113k and spending of $68k, leaving 39% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $53k to $113k (+115%), an average of +29% a year. The sharpest change came in the year to December 2021, when income rose by 225%. Over the whole period it spent 62% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nepalese Society 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 40th percentile, and in the 43rd percentile within TX. Charities of a similar size with the same main cause include Durango Choral Society ($113k), The Chamber Music Society of Minnesota Inc ($113k) and Historic Old Northeast Neighborhood Association of St Petersburg Inc ($113k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $231k against liabilities of $0, net assets of $231k.