Indo-American Association

Analysis

Indo-American Association is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in June 1994, 32 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, Indo-American Association reported income of $419k and spending of $456k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $417k to $419k (+0.4%), an average of +0.1% a year. The sharpest change came in the year to December 2022, when income rose by 490%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Indo-American Association sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Holly Springs Center ($419k), Sanctuary Art Center ($419k) and Historic Preservation Foundation of the Fortnightly ($419k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 44% of the total. Other salaries and wages came to $48k. At year end it held assets of $922k against liabilities of $671, net assets of $921k. It reported 2 employees.