Persian Cultural Center

Analysis

Persian Cultural Center is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in October 1990, 36 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Persian Cultural Center reported income of $632k and spending of $530k, spending 84% of its income. Across the 5 years on record, from August 2020 to August 2024, income grew from $379k to $632k (+67%), an average of +14% a year. The sharpest change came in the year to August 2022, when income rose by 53%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Persian Cultural Center sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Madison Youth Arts Center Inc ($632k), Gramercy Park Block Association Inc ($632k) and Texas Federation of Womens Clubs Historical Foundation ($631k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 22% and program service revenue 29% of the total. Other salaries and wages came to $129k. At year end it held assets of $1.1m against liabilities of $175, net assets of $1.1m.