Zavala Hispanic Cultural Initiative

Analysis

Zavala Hispanic Cultural Initiative is a registered charity in United States, based in Wichita Falls, TX. It received its IRS tax-exemption ruling in July 2006, 20 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, Zavala Hispanic Cultural Initiative reported income of $77k and spending of $84k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $113k to $77k (-32%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Zavala Hispanic Cultural Initiative sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within TX. Charities of a similar size with the same main cause include Port Ludlow Performing Arts ($77k), Sumter Historic Preservation Society ($77k) and Unidos Latino Association Inc ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 111% and program service revenue 10% of the total. At year end it held assets of $115k against liabilities of $0, net assets of $115k.