Seminar on the Acquisition of Latin American Library Materials

Analysis

Seminar on the Acquisition of Latin American Library Materials is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1969, 57 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Seminar on the Acquisition of Latin American Library Materials reported income of $135k and spending of $190k, spending 140% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $160k to $135k (-16%), an average of -4.1% a year. The sharpest change came in the year to August 2020, when income dropped by 48%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Seminar on the Acquisition of Latin American Library Materials sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include Old Barn Community Theatre Inc ($135k), Meriden Historical Society Incorporated ($135k) and Bulloch County Historical Society ($135k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 13% and program service revenue 73% of the total. Other salaries and wages came to $11k. At year end it held assets of $1.3m against liabilities of $7,963, net assets of $1.3m. It reported 3 employees.