India Cultural Society
India Cultural Society: Stable Finances, Low Program Spending
EIN: 222046024 · Wayne, NJ · NTEE: A230 · Updated: 2026-04-04
About India Cultural Society
India Cultural Society (EIN: 222046024) is a nonprofit organization based in Wayne, NJ, classified under NTEE code A230. The organization reported total revenue of $210K and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of India Cultural Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates India Cultural Society with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 60%
- fundraising: 20%
According to IRS 990 filings, India Cultural Society allocates its expenses as follows: admin: 20%, programs: 60%, fundraising: 20%. Approximately 60% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, indicating it is likely below the IRS reporting threshold for key employees, or not applicable.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of India Cultural Society's IRS 990 filings:
- Program spending appears low relative to total expenses, with only $127,500 out of $208,815 in 2023 going to expenses (not explicitly programs).
- The organization's revenue has fluctuated over the years, with a notable drop from $267,539 in 2019 to $164,428 in 2021, though it recovered to $208,815 in 2023.
- The provided data does not explicitly separate program expenses from administrative and fundraising costs, making a precise spending breakdown challenging.
Strengths
The following positive indicators were identified for India Cultural Society:
- Consistent asset base, maintaining over $3.9 million in assets for several years.
- Low liability-to-asset ratio, indicating financial stability (e.g., $1,783,600 liabilities vs $4,079,562 assets in 2023).
- Long operational history with consistent annual filings.
- No reported lobbying expenses ('c0%').
Frequently Asked Questions about India Cultural Society
What does India Cultural Society do?
India Cultural Society is a nonprofit organization in the Arts, Culture & Humanities sector, located in Wayne, New Jersey. It is classified under NTEE code A230.
How much revenue does India Cultural Society have?
India Cultural Society reported total revenue of $209,999. Based on 13 IRS 990 filings on record.
What are India Cultural Society's total assets?
India Cultural Society holds total assets of $4,099,471 as reported in IRS 990 filings.
Where is India Cultural Society located?
India Cultural Society is based in Wayne, New Jersey.
What is India Cultural Society's EIN?
India Cultural Society's Employer Identification Number (EIN) is 222046024. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is India Cultural Society?
India Cultural Society is classified under NTEE code A230 (Arts, Culture & Humanities).
Is India Cultural Society a registered 501(c)(3)?
Yes, India Cultural Society is recognized as a tax-exempt organization by the IRS. EIN: 222046024.
Does India Cultural Society file IRS Form 990?
Yes, India Cultural Society has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was India Cultural Society's revenue in 2023?
In the 202312 filing period, India Cultural Society reported total revenue of $208,815, total expenses of $127,500, and net assets of $4,079,562.
Is India Cultural Society's revenue growing or declining?
India Cultural Society's revenue is declining. Revenue went from $237,626 (202212) to $208,815 (202312), a -12.1% change. Based on 13 filings on record.
What is India Cultural Society's most recent 990 filing?
The most recent IRS Form 990 filing for India Cultural Society covers tax period 202312. It shows revenue of $208,815, expenses of $127,500, total assets of $4,079,562, and liabilities of $1,783,600.
How much does India Cultural Society spend on programs vs administration?
Based on IRS 990 analysis, India Cultural Society allocates approximately 60% of expenses to program services, 20% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is India Cultural Society a trustworthy charity?
Based on AI analysis of IRS 990 data, India Cultural Society shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 4 strengths noted.
What are the red flags for India Cultural Society?
The following concerns were identified: Program spending appears low relative to total expenses, with only $127,500 out of $208,815 in 2023 going to expenses (not explicitly programs).. The organization's revenue has fluctuated over the years, with a notable drop from $267,539 in 2019 to $164,428 in 2021, though it recovered to $208,815 in 2023.. The provided data does not explicitly separate program expenses from administrative and fundraising costs, making a precise spending breakdown challenging.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are India Cultural Society's strengths?
Positive indicators for India Cultural Society include: Consistent asset base, maintaining over $3.9 million in assets for several years.. Low liability-to-asset ratio, indicating financial stability (e.g., $1,783,600 liabilities vs $4,079,562 assets in 2023).. Long operational history with consistent annual filings.. No reported lobbying expenses ('c0%').. These findings are derived from AI analysis of the organization's financial filings.
How does India Cultural Society compensate executives?
Executive compensation is not reported in the provided data, indicating it is likely below the IRS reporting threshold for key employees, or not applicable. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is India Cultural Society?
- Financial statements are consistently available for multiple years. - Detailed breakdown of program expenses is not readily apparent in the provided data, making it difficult to assess specific impact areas. - No information on board independence or conflict of interest policies is available. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent asset base and fluctuating revenue, what is the primary source of the organization's income and how is it being utilized to maintain assets rather than significantly increase program spending?
The data suggests a stable asset base, but without detailed income statements beyond 'revenue' and 'expenses,' it's unclear if the revenue is primarily from donations, investments, or other sources. The consistent asset level, despite varying revenues, implies a focus on asset preservation or investment rather than aggressive program expansion, or that a significant portion of assets are restricted.
How does the organization define and measure the impact of its 'cultural society' programs, given the limited explicit program expense reporting?
Without a clear breakdown of program expenses and specific program descriptions, it's difficult to ascertain the nature and scope of their cultural initiatives. The provided financial data focuses on overall revenue and expenses, not program-specific outcomes or impact metrics.
Filing History
IRS 990 filing history for India Cultural Society showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), India Cultural Society's revenue has declined by 27.9%, moving from $290K to $209K. Total assets increased by 10.9% over the same period, from $3.7M to $4.1M. Total functional expenses fell by 49.1%, from $250K to $128K. In its most recent filing year (2023), India Cultural Society reported a surplus of $81K, with revenue exceeding expenses. The organization holds $1.8M in liabilities against $4.1M in assets (debt-to-asset ratio: 43.7%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $209K | $128K | $4.1M | $1.8M | — | — |
| 2022 | $238K | $147K | $4.0M | $1.8M | — | View 990 |
| 2021 | $164K | $136K | $3.9M | $1.8M | — | View 990 |
| 2020 | $196K | $113K | $4.0M | $1.9M | — | — |
| 2019 | $268K | $154K | $3.9M | $1.9M | — | View 990 |
| 2018 | $235K | $158K | $3.9M | $2.0M | — | View 990 |
| 2017 | $257K | $184K | $3.9M | $2.1M | — | View 990 |
| 2016 | $270K | $166K | $3.9M | $2.1M | — | View 990 |
| 2015 | $301K | $191K | $3.9M | $2.2M | — | View 990 |
| 2014 | $275K | $181K | $3.9M | $2.4M | — | View 990 |
| 2013 | $288K | $206K | $3.9M | $2.4M | — | View 990 |
| 2012 | $268K | $190K | $4.0M | $2.4M | — | View 990 |
| 2011 | $290K | $250K | $3.7M | $2.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $209K, expenses of $128K, and assets of $4.1M (revenue -12.1% year-over-year).
- 2022: Revenue of $238K, expenses of $147K, and assets of $4.0M (revenue +44.5% year-over-year).
- 2021: Revenue of $164K, expenses of $136K, and assets of $3.9M (revenue -16.3% year-over-year).
- 2020: Revenue of $196K, expenses of $113K, and assets of $4.0M (revenue -26.6% year-over-year).
- 2019: Revenue of $268K, expenses of $154K, and assets of $3.9M (revenue +13.9% year-over-year).
- 2018: Revenue of $235K, expenses of $158K, and assets of $3.9M (revenue -8.5% year-over-year).
- 2017: Revenue of $257K, expenses of $184K, and assets of $3.9M (revenue -5.0% year-over-year).
- 2016: Revenue of $270K, expenses of $166K, and assets of $3.9M (revenue -10.1% year-over-year).
- 2015: Revenue of $301K, expenses of $191K, and assets of $3.9M (revenue +9.5% year-over-year).
- 2014: Revenue of $275K, expenses of $181K, and assets of $3.9M (revenue -4.8% year-over-year).
- 2013: Revenue of $288K, expenses of $206K, and assets of $3.9M (revenue +7.5% year-over-year).
- 2012: Revenue of $268K, expenses of $190K, and assets of $4.0M (revenue -7.3% year-over-year).
- 2011: Revenue of $290K, expenses of $250K, and assets of $3.7M.
Data Sources and Methodology
This transparency report for India Cultural Society is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.