Mexican Cultural Center

Analysis

Mexican Cultural Center is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 1995, 31 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, Mexican Cultural Center reported income of $165k and spending of $162k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $114k to $165k (+45%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mexican Cultural Center 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 47th percentile within PA. Charities of a similar size with the same main cause include 610 Stompers Inc ($165k), The National Teachers Hall of Fame Inc ($165k) and Forum Jazz Dance Theatre ($165k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 55% of the total. At year end it held assets of $268k against liabilities of $4,471, net assets of $264k.