Iranian-American Cultural Society Of Maryland Inc
- Assets
- $218.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Towson, MD
- Founding
- 04/1977
- Data as of
- 12/2020
- EIN
- 23-7122895
Organization Overview
Iranian-American Cultural Society Of Maryland Inc is located in Towson, MD. The organization was established in 1977. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iranian-American Cultural Society Of Maryland Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Iranian-American Cultural Society Of Maryland Inc generated $10.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (19.3%) each year. All expenses for the organization totaled $11.3k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (16.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
THE IRANIAN AMERICAN CULTURAL SOCIETY OF MARYLAND FACILITATES CULTURAL ACTIVITIES IN THE MARYLAND AREA. THIS IS DONE THROUGH SEASONAL AND TRADITIONAL CULTURAL EVENTS AS WELL AS A PERSIAN LANGUAGE SCHOOL
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,735 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3,944 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $10,679 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $3,500 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $2,192 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $5,580 |
| Total expenses | $11,272 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $218,081 |
| Other assets | $0 |
| Total assets | $218,081 |
| Total liabilities | $0 |
| Net assets or fund balances | $218,081 |
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