India Cultural Society

Analysis

India Cultural Society is a registered charity in United States, based in Wayne, NJ. It received its IRS tax-exemption ruling in January 1975, 51 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, India Cultural Society reported income of $209k and spending of $128k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $268k to $209k (-22%), an average of -6.0% a year. The sharpest change came in the year to December 2022, when income rose by 45%. Over the whole period it spent 63% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, India Cultural Society sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 62nd percentile within NJ. Charities of a similar size with the same main cause include Conservatoire Inc ($209k), Androscoggin Historical Society ($209k) and Random Acts Inc ($209k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 30% of the total. At year end it held assets of $4.1m against liabilities of $1.8m, net assets of $2.3m.