Old Central Cultural Center

Analysis

Old Central Cultural Center is a registered charity in United States, based in Galveston, TX. It received its IRS tax-exemption ruling in November 1977, 49 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, Old Central Cultural Center reported income of $53k and spending of $60k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $56k to $53k (-5.2%), an average of -5.2% a year. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Old Central Cultural Center sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 21st percentile within TX. Charities of a similar size with the same main cause include William Henry Harrison High School Athletic Boosters Club ($53k), Mission San Jose Elementary Parent Teacher Club ($53k) and Priority One India USA ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $26k against liabilities of $14k, net assets of $12k.