Punjabi Cultural Society of Michigan

Analysis

Punjabi Cultural Society of Michigan is a registered charity in United States, based in South Lyon, MI. It received its IRS tax-exemption ruling in May 2019, 7 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 2023, Punjabi Cultural Society of Michigan reported income of $143k and spending of $139k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $96k to $143k (+49%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 1983%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Punjabi Cultural Society of Michigan sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within MI. Charities of a similar size with the same main cause include Dark Sky Percussion ($143k), Embassy Series ($143k) and The Historical Society of the District of Columbia Circuit ($143k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $86k against liabilities of $0, net assets of $86k.