Snehalaya Americas Inc

Analysis

Snehalaya Americas Inc is a registered charity in United States, based in Hillsborough, NJ. It received its IRS tax-exemption ruling in July 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, Snehalaya Americas Inc reported income of $94k and spending of $72k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $219k to $94k (-57%), an average of -19% a year. The sharpest change came in the year to December 2023, when income rose by 375%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Snehalaya Americas Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 43rd percentile within NJ. Charities of a similar size with the same main cause include Friends of the Yellowstone Gateway Museum of Park County Inc ($94k), Pine Shores Art Association Inc ($94k) and Ashland Balloonfest Inc ($94k).

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 $32k against liabilities of $0, net assets of $32k.