Punjabi Cultural Society of Chicago

Analysis

Punjabi Cultural Society of Chicago is a registered charity in United States, based in Palatine, IL. It received its IRS tax-exemption ruling in February 1997, 29 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 (gross receipts test) 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 Chicago reported income of $82k and spending of $81k, spending 99% of its income. The sharpest change came in the year to December 2022, when income rose by 342%. Over the whole period it spent -3.2% 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 Chicago sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 33rd percentile within IL. Charities of a similar size with the same main cause include United Japanese Society of Hawaii ($82k), Florida Chautauqua Incorporated ($82k) and The Jackson County Stage Company Inc ($82k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 51% of the total. At year end it held assets of $5.0m against liabilities of $0, net assets of $5.0m.