South Indian Fine Arts Academy - Sifaa
Nonprofit profile at a glance
- EIN
- 822178569
- IRS 990-EZ coverage
- 2024–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2023
- Location
- Cary, NC, USA
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts, Cultural Organizations - Multipurpose
Reported finances
- Revenue
- $133,755
- Expenses
- $90,154
- Assets
- $68,918
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Madhu Rangappagowda (President - Board of Director)
People named in this filing
- Chitra Ramanarayanan (Communications Director & Secretary)
- Rajaraman Jayakrishnan (Treasurer)
- Lakshmi Chellamani (Board of Director Culture & Arts)
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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
SIFAA is dedicated to preserving and promoting the rich heritage of South Indian classical arts while fostering cultural enrichment and community engagement. Our mission is to provide premier platforms for renowned South Indian performing artists to showcase their excellence while also supporting and nurturing aspiring community artists in North Carolina. Through high quality concerts from professional musicians collaboration and performance opportunities for community artists we aim to celebrate tradition inspire creativity and build a rich artistic community. While our goal has always been to strive to bridge and create cultural awareness through Carnatic music SIFAA has also been keen to support and strengthen our younger generation and their love for this genre of music. The RTP area has been blessed to have a lot of practitioners and teachers who call this area home. SIFAA has conducted yearly music competitions with judges invited from India and across the US to provide ad
What it reported doing in 2025
SIFAA provides the platform for the community in Indian classical traditional folk dance music and art forms. We provide avenues and platforms for the artists in the community to perform learn and spread the knowledge. The goal is to facilitate learning in an engaging manner hands on learning of visual art. This continuous learning serves our goal to help the art thrive and increase the quality of performances .We plan on bringing these new aspects to showcase this year compared to last year. Triangle area has seen an explosion of people moving in from other parts of the country where a subset of people are interested in the Indian art forms.2023 Participation:- Fall Festival artists 112 Livestream Viewing 2800 On-premise foot traffic 1000+, Participants demographics 90% Adults 10% Kids Mostly Americans of Indian Origin2024 Participation goals:-Fall Festival artists 97, Livestream Viewing 3000+, On-premise foot traffic 1500+, Participants demographics 90% Adults 10% KidsMostly Americans of Indian Origin
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 100
- Sustainability: 61
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 67.3%; rating input score 67
- Program expense ratio: 99.8%; rating input score 100
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: 32.6%; rating input score 83; 83rd percentile among comparable filings
- Total-asset coverage ratio: 0.76; rating input score 50; 50th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 50% per year; rating input score 100; 91st percentile among comparable filings
- Revenue growth: 29% per year; rating input score 100; 89th percentile among comparable filings
- Asset growth: 92.5% per year; rating input score 100; 97th percentile among comparable filings
Details
- Where the money goes: 67.3% of revenue deployed · 99.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $90K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2024 to 2025
- Contacts: How to reach this organization
- 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.
- Review — Sustainability: Total-asset coverage ratio scored 50/100.