Konkani Cultural Conference Inc

Analysis

Konkani Cultural Conference Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in July 2018, 8 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, Konkani Cultural Conference Inc reported income of $157k and spending of $149k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $916k to $157k (-83%), an average of -36% a year. The sharpest change came in the year to December 2023, when income dropped by 71%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Konkani Cultural Conference Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 50th percentile within CA. Charities of a similar size with the same main cause include New England Ballet Theatre of Connecticut Inc ($157k), Yarlung Artists ($157k) and Museum of East Alabama ($157k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $177k against liabilities of $0, net assets of $177k.