Xico Inc

Analysis

Xico Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in May 2007, 19 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, Xico Inc reported income of $790k and spending of $1.1m, spending 136% of what it took in. Across the 5 years on record, from June 2019 to December 2023, income grew from $270k to $790k (+193%), an average of +31% a year. The sharpest change came in the year to December 2021, when income rose by 1094%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Xico Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 73rd percentile within AZ. Charities of a similar size with the same main cause include Supporting the Language of Kauai Inc ($790k), Center for Whale Research ($790k) and Grand Junction Symphony Orchestra ($790k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $102k (9.5% of expenses). Other salaries and wages came to $246k. At year end it held assets of $1.6m against liabilities of $1.3m, net assets of $275k. It reported 6 employees.