Indian Community Center Corp

Analysis

Indian Community Center Corp is a registered charity in United States, based in Parsippany, NJ. It received its IRS tax-exemption ruling in January 1987, 39 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Indian Community Center Corp reported income of $523k and spending of $147k, leaving 72% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $192k to $523k (+172%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 95%. Over the whole period it spent 58% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Indian Community Center Corp 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 71st percentile, and in the 75th percentile within NJ. Charities of a similar size with the same main cause include Global Impact Ministries & Outreach Assoc ($522k), Our Lady of Guadalupe Radio Inc ($523k) and Charitable Ministry Support Inc ($522k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 89% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.