Rangoli Foundation for Art and Culture

Analysis

Rangoli Foundation for Art and Culture is a registered charity in United States, based in Sherman Oaks, CA. It received its IRS tax-exemption ruling in December 1993, 33 years ago. 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, Rangoli Foundation for Art and Culture reported income of $85k and spending of $71k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $54k to $85k (+57%), an average of +57% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rangoli Foundation for Art and Culture sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within CA. Charities of a similar size with the same main cause include Fauquier Historical Society Inc ($85k), Alexander Foundation ($85k) and Out Film CT Inc ($85k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 45% of the total. At year end it held assets of $71k against liabilities of $99k, net assets of -$28k.