Azerbaijan Cultural Society

Analysis

Azerbaijan Cultural Society is a registered charity in United States, based in Los Gatos, CA. It received its IRS tax-exemption ruling in December 2006, 20 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, Azerbaijan Cultural Society reported income of $105k and spending of $129k, spending 122% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income fell from $573k to $105k (-82%), an average of -57% a year. The sharpest change came in the year to December 2022, when income dropped by 86%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Azerbaijan Cultural Society sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 40th percentile within CA. Charities of a similar size with the same main cause include Mitchell County Historical Society Inc ($105k), Community Artist Will Inc ($105k) and Human Charity ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.