Intercultural Networks Inc

Analysis

Intercultural Networks Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in January 1995, 31 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 (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, Intercultural Networks Inc reported income of $623k and spending of $614k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $780k to $623k (-20%), an average of -5.5% a year. The sharpest change came in the year to December 2020, when income dropped by 36%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Intercultural Networks Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Ocean City Development Corporation ($623k), Chippewa Valley Cultural Association Inc ($623k) and Umu Igbo Unite ($623k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 8.9% of the total. Compensation of current officers, directors and key employees was $115k (19% of expenses). Other salaries and wages came to $179k. At year end it held assets of $272k against liabilities of $4,020, net assets of $268k. It reported 4 employees.