Khalsa University

Analysis

Khalsa University is a registered charity in United States, based in Bellingham, WA. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Khalsa University reported income of $203k and spending of $226k, spending 111% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $287k to $203k (-29%), an average of -6.7% a year. The sharpest change came in the year to December 2020, when income dropped by 64%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Khalsa University sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within WA. Charities of a similar size with the same main cause include Parent-Faculty Club of White Oak School ($203k), Mandela International Magnet School Education Foundation ($203k) and Combs High School Booster Club Inc ($203k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $994k against liabilities of $512k, net assets of $482k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.