Iberia Cultural Resources Association Inc

Analysis

Iberia Cultural Resources Association Inc is a registered charity in United States, based in New Iberia, LA. It received its IRS tax-exemption ruling in June 1970, 56 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, Iberia Cultural Resources Association Inc reported income of $148k and spending of $189k, spending 128% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $198k to $148k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Iberia Cultural Resources Association Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within LA. Charities of a similar size with the same main cause include First General Baptist Church of Mattoon ($148k), Viking Sportsmen Inc ($148k) and United Fund of Shelby Inc ($148k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $147k against liabilities of $0, net assets of $147k.