Rasika Society for Arts of India

Analysis

Rasika Society for Arts of India is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in February 2000, 26 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 May 2024, Rasika Society for Arts of India reported income of $487k and spending of $386k, leaving 21% of income unspent that year. Across the 3 years on record, from May 2022 to May 2024, income grew from $83k to $487k (+486%), an average of +142% a year. The sharpest change came in the year to May 2024, when income rose by 219%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rasika Society for Arts of India sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within OR. Charities of a similar size with the same main cause include Cadence Theatre Company Inc ($487k), A-Wol Dance Collective Inc ($487k) and Institute of Advanced Sciences ($487k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 42% and program service revenue 58% of the total. Other salaries and wages came to $5,520. At year end it held assets of $313k against liabilities of $64k, net assets of $249k. It reported 2 employees.