South Asia Institute

Analysis

South Asia Institute is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2016, 10 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, South Asia Institute reported income of $387k and spending of $272k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $102k to $387k (+281%), an average of +40% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 146% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, South Asia Institute sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within IL. Charities of a similar size with the same main cause include Iam Music Inc ($387k), Kindling Group NFP ($387k) and Maria Stein Countryfest Inc ($387k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Other salaries and wages came to $37k. At year end it held assets of $7.2m against liabilities of $7.9m, net assets of -$673k.