Indo American Center Inc

Analysis

Indo American Center Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 1991, 35 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Indo American Center Inc reported income of $2.1m and spending of $2.0m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $886k to $2.1m (+132%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 46%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Indo American Center Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within IL. Charities of a similar size with the same main cause include Community Partnership for the Homeless Inc ($2.1m), Senior Citizens Industries Inc ($2.1m) and Dakota Prairie Community Action Agency Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 0.6% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $1.3m against liabilities of $188k, net assets of $1.1m. It reported 48 employees.