Cultural Association of Bengal

Analysis

Cultural Association of Bengal is a registered charity in United States, based in Garden City, NY. It received its IRS tax-exemption ruling in March 1976, 50 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, Cultural Association of Bengal reported income of $100k and spending of $47k, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $355k to $100k (-72%), an average of -27% a year. The sharpest change came in the year to December 2022, when income rose by 829%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cultural Association of Bengal sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within NY. Charities of a similar size with the same main cause include Erie Lackawanna Historical Society Inc ($100k), Grand Monadnock Youth Choirs ($100k) and Woman Made ($100k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% of the total. At year end it held assets of $80k against liabilities of $20k, net assets of $60k.