PALOS VERDES IRANIAN CHILDREN & YOUTH CULTURAL SOCIETY
Mission Statement
Khaneh Iran and Palos Verdes Persian Heritage Foundation is a Division of PVICYCS (Palos Verdes Iranian Children and Youth Cultural Society) which has a 30 year history in serving the American community of Iranian Heritage in the Palos Verdes and neighboring cities. The basis of this Foundation is voluntary support of the participating Community members. The mission of this Foundation is to provide a social, professional and networking environment for the American families of Iranian heritage, to promote their values, advance their community interests in the U.S., and contribute to the promotion of Iranian arts and cultural heritage. The Foundation in line with its parent organization is a non-profit and non-governmental organization without any bias toward any particular political, ideological, or religious group. Moreover, this association shall not participate in, endorse or repudiate any political, religious, or ethnic movements. Donations collected from PVPHF Friends will be used for expansion of physical facilities, arranging educational programs, invited speakers and development and promotion of cultural and educational resources in print and digital formats.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
209.5% | 82.6% |
P10P90
|
Top quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
78.6% | 35.5% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
89.3 mo | 16.5 mo |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
37.6% | 89.4% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
27.1% | 1.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
9.3% | 1.2% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
8.2% | 9.3% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $68K | $62K | $461K | 209.5% | — |
| 2023 | $53K | $57K | $456K | 114.2% | — |
| 2022 | $38K | $49K | $459K | 89.7% | — |
| 2021 | $59K | $48K | N/A | — | 1 |
| 2019 | $64K | $55K | N/A | — | 1 |
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