Iranian Cultural Society of North Carolina Inc

Analysis

Iranian Cultural Society of North Carolina Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in April 1989, 37 years ago. 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, Iranian Cultural Society of North Carolina Inc reported income of $393k and spending of $248k, leaving 37% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $293k to $393k (+34%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 33% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Iranian Cultural Society of North Carolina Inc sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include San Antonio Wave ($393k), Phillip WM Fisher Support Foundation ($393k) and KCK 501 Minnesota Inc ($393k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 22% of the total. At year end it held assets of $2.9m against liabilities of $2.0m, net assets of $900k.