Indo American Cultural and Religious Foundation of Arizona

Analysis

Indo American Cultural and Religious Foundation of Arizona is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in April 1989, 37 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, Indo American Cultural and Religious Foundation of Arizona reported income of $1.0m and spending of $895k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $644k to $1.0m (+55%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 59%. 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, Indo American Cultural and Religious Foundation of Arizona sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 76th percentile within AZ. Charities of a similar size with the same main cause include Crandell Theatre Inc ($1.0m), Mozart Festival Association ($1.0m) and Pennsylvania Center for Poultry and Livestock Excellence ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% of the total. Other salaries and wages came to $169k. At year end it held assets of $5.5m against liabilities of $1.3m, net assets of $4.2m. It reported 5 employees.