Palos Verdes Iranian Children & Youth Cultural Society

Analysis

Palos Verdes Iranian Children & Youth Cultural Society is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in December 1993, 33 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 December 2023, Palos Verdes Iranian Children & Youth Cultural Society reported income of $53k and spending of $57k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $38k to $53k (+42%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 117% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Palos Verdes Iranian Children & Youth Cultural Society sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within CA. Charities of a similar size with the same main cause include Highview Arts Inc ($53k), Central Eurasian Studies Society Inc ($53k) and Lumberton Choir Boosters ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 41% of the total. At year end it held assets of $456k against liabilities of $0, net assets of $456k.