India-American Cultural Association Inc

Analysis

India-American Cultural Association Inc is a registered charity in United States, based in Smyrna, GA. It received its IRS tax-exemption ruling in December 1975, 51 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 (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 2022, India-American Cultural Association Inc reported income of $727k and spending of $415k, leaving 43% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $602k to $727k (+21%), an average of +6.5% a year. The sharpest change came in the year to December 2021, when income rose by 101%. Over the whole period it spent 57% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, India-American Cultural Association Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within GA. Charities of a similar size with the same main cause include Books to Life ($727k), Keeler Tavern Preservation Society Inc ($728k) and Fern Street Community Arts Inc ($727k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 2.4% and program service revenue 96% of the total. Other salaries and wages came to $101k. At year end it held assets of $5.9m against liabilities of $259k, net assets of $5.7m. It reported 2 employees.