Kundalini University Foundation Inc

Analysis

Kundalini University Foundation Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 2021, 5 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kundalini University Foundation Inc reported income of $67k and spending of $74k, spending 110% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $64k to $67k (+5.3%), an average of +2.6% a year. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kundalini University Foundation Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within CA. Charities of a similar size with the same main cause include St Marys Preservation Association ($67k), Link School of the Arts ($67k) and Monadnock Chorus ($67k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Other salaries and wages came to $52k. At year end it held assets of $4,010 against liabilities of $6,210, net assets of -$2,200.

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.