Cultural Center of India Richmond Virginia

Analysis

Cultural Center of India Richmond Virginia is a registered charity in United States, based in N Chesterfld, VA. It received its IRS tax-exemption ruling in December 1994, 32 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Cultural Center of India Richmond Virginia reported income of $292k and spending of $245k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $311k to $292k (-6.2%), an average of -1.6% a year. The sharpest change came in the year to December 2020, when income dropped by 66%. Over the whole period it spent 111% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cultural Center of India Richmond Virginia sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within VA. Charities of a similar size with the same main cause include Silicon Valley Harvest ($292k), Agape Love Global Ministries Inc ($292k) and Worklife Ministry Inc ($292k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% of the total. Other salaries and wages came to $56k. At year end it held assets of $1.2m against liabilities of $6,042, net assets of $1.2m. It reported 1 employees.