Friends of the German-American Cultural Center Inc

Analysis

Friends of the German-American Cultural Center Inc is a registered charity in United States, based in Gretna, LA. It received its IRS tax-exemption ruling in May 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, Friends of the German-American Cultural Center Inc reported income of $173k and spending of $183k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $127k to $173k (+36%), an average of +8.1% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the German-American Cultural Center Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within LA. Charities of a similar size with the same main cause include ZGD Inc ($173k), Northeast Youth Ballet Inc ($173k) and Marshall Depot Inc ($173k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.5% of the total. Other salaries and wages came to $90k. At year end it held assets of $517k against liabilities of $0, net assets of $517k.