Shruti Foundation Inc
Nonprofit profile at a glance
- EIN
- 474865713
- IRS 990-EZ coverage
- 2020–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2017
- Location
- Tampa, FL, USA
- Phone
- 8135499288
- Rating
- 49
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Music
Reported finances
- Revenue
- $121,094
- Expenses
- $109,496
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Shankh Lahiri (President)
People named in this filing
- Shankh Lahiri (President)
- Satish Ankalikar (Director)
- Sunil Majethia (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Shruti Foundation is a Non-Profit organization based in Tampa, FL, whose mission is to preserve and promote the rich cultural heritage of Indian Classical music, and showcase Indian music interactively with other music from around the world through public concerts, workshops, and educational outreach programs. Uniting the world through the power of music and dance.
What it reported doing in 2024
Shruti Fountation organies annually the East West Music & Dance Festival at the Water Works Park in Tampa, which is one of the most vibrant multicultural gathering for Tampa Bay Community. The event is supported be a Special Events Partnership Grant from the Cultural Arts Commission, part of the Arts Council of Hillsborough County.
Operating model
- Revenue model
- Earned-program. 75% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 8
- Transparency & Controls: 100
- Sustainability: 29
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 8.5%; rating input score 8
- Program expense ratio: 9.4%; rating input score 9
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 9.6%; rating input score 57; 57th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 26.7%; rating input score 13; 13th percentile among comparable filings
Growth
- Program expense growth: 1.1% per year; rating input score 100; 33rd percentile among comparable filings
- Revenue growth: 43.6% per year; rating input score 100; 95th percentile among comparable filings
- Asset growth: -42.7% per year; rating input score 0; 3rd percentile among comparable filings
Details
- Where the money goes: 8.5% of revenue deployed · 9.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $10K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 8/100.
- High — Financial Efficiency: Program expense ratio scored 9/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- Review — Sustainability: Operating margin scored 57/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 13/100.