Society for Indo-American Arts

Analysis

Society for Indo-American Arts is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in October 2019, 7 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, Society for Indo-American Arts reported income of $210k and spending of $165k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $20k to $210k (+944%), an average of +80% a year. The sharpest change came in the year to December 2020, when income rose by 317%. 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, Society for Indo-American Arts sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include Drawchange Inc ($210k), Wheel and Cog Childrens Museum of Hutchinson ($210k) and Council of Professional Associations on Federal Statistics ($210k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $35k (21% of expenses). At year end it held assets of $164k against liabilities of $5,200, net assets of $159k.