Institute of Asian Culture & Development

Analysis

Institute of Asian Culture & Development is a registered charity in United States, based in Valencia, CA. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Institute of Asian Culture & Development reported income of $2.8m and spending of $3.0m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.2m to $2.8m (-12%), an average of -3.2% a year. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Institute of Asian Culture & Development sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Tomchei Israel ($2.8m), Christ Disciples Internationalministries Incorporated ($2.8m) and The Evangelical Catholic Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. At year end it held assets of $661k against liabilities of $0, net assets of $661k.