Utsav

Analysis

Utsav is a registered charity in United States, based in Bothell, WA. It received its IRS tax-exemption ruling in January 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, Utsav reported income of $546k and spending of $449k, spending 82% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $309k to $546k (+77%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 57%. 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, Utsav sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within WA. Charities of a similar size with the same main cause include North Attleboro Communitytelevision Inc ($546k), Durham Jazz Workshop ($546k) and Klondike Smokey City Community Development Corporation Inc ($546k).

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 $551k against liabilities of $0, net assets of $551k.