Indochinese Culture Center

Analysis

Indochinese Culture Center is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in October 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Indochinese Culture Center reported income of $314k and spending of $496k, spending 158% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $532k to $314k (-41%), an average of -12% a year. The sharpest change came in the year to December 2023, when income rose by 335%. Over the whole period it spent 162% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Indochinese Culture Center sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Tutwiler Community Education Center Inc ($314k), Copiague Christian Church ($314k) and Village to Village International Inc ($314k).

Compensation of current officers, directors and key employees was $195k (39% of expenses). At year end it held assets of $2.9m against liabilities of $406k, net assets of $2.5m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.