McAllen Heritage Center Inc

Analysis

McAllen Heritage Center Inc is a registered charity in United States, based in McAllen, TX. It received its IRS tax-exemption ruling in November 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, McAllen Heritage Center Inc reported income of $164k and spending of $167k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $115k to $164k (+43%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, McAllen Heritage Center Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within TX. Charities of a similar size with the same main cause include Waupaca Community Arts Board Inc ($164k), Guam Conservatory of Arts Inc ($165k) and Haydenfilms Institute ($164k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 6.1% of the total. At year end it held assets of $213k against liabilities of $10k, net assets of $203k.