Spanish Institute

Analysis

Spanish Institute is a registered charity in United States, based in Spring Valley, CA. It received its IRS tax-exemption ruling in October 2009, 17 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, Spanish Institute reported income of $55k and spending of $57k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $62k to $55k (-11%), an average of -11% a year. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Spanish Institute sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within CA. Charities of a similar size with the same main cause include Valley Concert Chorale ($55k), Main Street Sea Isle City Inc ($55k) and North Olympic Artists Co-Op ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $27k against liabilities of $0, net assets of $27k.