Irish-American Cultural Institute

Analysis

Irish-American Cultural Institute is a registered charity in United States, based in Hackettstown, NJ. It received its IRS tax-exemption ruling in March 1965, 61 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, Irish-American Cultural Institute reported income of $80k and spending of $105k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $81k to $80k (-0.2%), an average of -0.1% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Irish-American Cultural Institute sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 39th percentile within NJ. Charities of a similar size with the same main cause include Little League Baseball Inc ($80k), Kootenai Cross Country Ski Club Inc ($80k) and Mountain Valley Arts Council ($80k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 6.4% of the total. Compensation of current officers, directors and key employees was $50k (47% of expenses). At year end it held assets of $1.0m against liabilities of $2,947, net assets of $1.0m. It reported 1 employees.