Kuluntu Bakery

Analysis

Kuluntu Bakery is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kuluntu Bakery reported income of $54k and spending of $35k, leaving 36% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $42k to $54k (+28%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 52% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kuluntu Bakery sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 22nd percentile within TX. Charities of a similar size with the same main cause include Himalayan Yoga & Meditation Center ($54k), Dress for Success Jackson ($54k) and Central Council of the Society of St Vincent de Paul in the Diocese ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.4% of the total. At year end it held assets of $72k against liabilities of $1,331, net assets of $71k.