Payam Cultural Society Incorporated

Analysis

Payam Cultural Society Incorporated is a registered charity in United States, based in Great Neck, NY. It received its IRS tax-exemption ruling in May 2001, 25 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, Payam Cultural Society Incorporated reported income of $112k and spending of $111k, spending 99% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $112k to $112k (+0.1%), an average of +0.0% a year. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Payam Cultural Society Incorporated sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within NY. Charities of a similar size with the same main cause include Hartland Robotics ($112k), Greenfield Museum Initiative Inc ($112k) and Quecreek Mine Rescue Foundation ($112k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $42k (38% of expenses). At year end it held assets of $24k against liabilities of $0, net assets of $24k.