India Cultural Association

Analysis

India Cultural Association is a registered charity in United States, based in Grayslake, IL. It received its IRS tax-exemption ruling in June 1983, 43 years ago. 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, India Cultural Association reported income of $770k and spending of $474k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $547k to $770k (+41%), an average of +8.9% a year. The sharpest change came in the year to December 2021, when income rose by 139%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, India Cultural Association sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within IL. Charities of a similar size with the same main cause include Council for Inclusive Governance ($769k), Henry County Soccer Association Inc ($770k) and Essex North Shore Agricultural Technical Foundation Inc ($769k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 38% of the total. Other salaries and wages came to $123k. At year end it held assets of $3.1m against liabilities of $712k, net assets of $2.4m. It reported 4 employees.