India Association of Charlotte

Analysis

India Association of Charlotte is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in April 1999, 27 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, India Association of Charlotte reported income of $179k and spending of $121k, leaving 33% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $125k to $179k (+43%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 78% 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 Association of Charlotte sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NC. Charities of a similar size with the same main cause include Mendota Museum & Historical Society ($179k), Broad Street Comedy ($179k) and National Institute of Governmental Purchasing Inc ($179k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 45% of the total. At year end it held assets of $443k against liabilities of $0, net assets of $443k.