Icmca

Analysis

Icmca is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in March 2002, 24 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, Icmca reported income of $315k and spending of $279k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $315k (+369%), an average of +369% a year. The sharpest change came in the year to December 2023, when income rose by 369%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Icmca sits at the 69th percentile: it is larger than about 69% 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 Forever Family Foundation Inc ($315k), South Jersey Cultural Alliance Inc ($315k) and Racing History Preservation Group Inc ($315k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. At year end it held assets of $238k against liabilities of $0, net assets of $238k.