Albanian-American Cultural Center Inc

Analysis

Albanian-American Cultural Center Inc is a registered charity in United States, based in Lewisville, TX. It received its IRS tax-exemption ruling in May 2000, 26 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 December 2021, Albanian-American Cultural Center Inc reported income of $455k and spending of $164k, leaving 64% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income fell from $2.5m to $455k (-82%), an average of -58% a year. The sharpest change came in the year to December 2020, when income dropped by 80%. Over the whole period it spent 21% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Albanian-American Cultural Center Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Friends of Chamber Music ($455k), Spanish Danzart Society ($456k) and Fort Meigs Association ($455k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 98% and program service revenue 1.6% of the total. At year end it held assets of $3.6m against liabilities of $0, net assets of $3.6m.