International Institute for Culture Inc

Analysis

International Institute for Culture Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, International Institute for Culture Inc reported income of $190k and spending of $244k, spending 128% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $162k to $190k (+18%), an average of +3.3% a year. The sharpest change came in the year to December 2022, when income rose by 328%. Over the whole period it spent 127% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, International Institute for Culture Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within PA. Charities of a similar size with the same main cause include Southern Outdoor Dreams ($190k), Miracle League of Las Vegas ($190k) and Kane Homes Association ($190k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 6.8% of the total. At year end it held assets of $715k against liabilities of $36k, net assets of $679k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.