Indo-American Arts Council Inc

Analysis

Indo-American Arts Council Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1999, 27 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 June 2023, Indo-American Arts Council Inc reported income of $787k and spending of $893k, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $240k to $787k (+228%), an average of +35% a year. The sharpest change came in the year to June 2022, when income rose by 330%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Indo-American Arts Council Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Ten Chimneys Foundation Inc ($787k), The Museum of Food and Drink ($788k) and Quincy Mine Hoist Association ($787k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. At year end it held assets of $72k against liabilities of $0, net assets of $72k.