French Cultural Center Inc

Analysis

French Cultural Center Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in February 1947, 79 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, French Cultural Center Inc reported income of $1.8m and spending of $2.7m, spending 150% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.0m to $1.8m (-41%), an average of -12% a year. The sharpest change came in the year to December 2022, when income rose by 195%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, French Cultural Center Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include National Church Residences of ($1.8m), Carpenter Place Inc ($1.8m) and Southwest Research and Information Center ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $177k (6.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $23.2m against liabilities of $3.5m, net assets of $19.7m. It reported 49 employees.