India Association Cultural and Education Center of N Central FL I

Analysis

India Association Cultural and Education Center of N Central FL I is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in November 2000, 26 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 Cultural and Education Center of N Central FL I reported income of $184k and spending of $77k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $89k to $184k (+107%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 364%. Over the whole period it spent 66% 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 Cultural and Education Center of N Central FL I sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 55th percentile within FL. Charities of a similar size with the same main cause include Maine Lighthouse Museum Inc ($184k), Twa Museum Inc ($184k) and India Childrens Press ($184k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.