Iranian American Community Center

Analysis

Iranian American Community Center is a registered charity in United States, based in Vienna, VA. It received its IRS tax-exemption ruling in June 2012, 14 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, Iranian American Community Center reported income of $704k and spending of $305k, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $264k to $704k (+166%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 224%. Over the whole period it spent 61% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Iranian American Community Center sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within VA. Charities of a similar size with the same main cause include Museo Italo-Americano ($704k), The Current Inc ($704k) and Thalia Spanish Theatre Inc ($704k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $100k (33% of expenses). At year end it held assets of $956k against liabilities of $111k, net assets of $844k. It reported 2 employees.