India Cultural and Education Center Inc

Analysis

India Cultural and Education Center Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in July 1992, 34 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 (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, India Cultural and Education Center Inc reported income of $255k and spending of $74k, leaving 71% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $74k to $255k (+245%), an average of +36% a year. The sharpest change came in the year to December 2020, when income rose by 222%. Over the whole period it spent 30% 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 Cultural and Education Center Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within FL. Charities of a similar size with the same main cause include South County Football League ($255k), Be Frank Foundation ($255k) and White Dwarf Research Corporation ($255k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 4.9% of the total. At year end it held assets of $6.0m against liabilities of $0, net assets of $6.0m.