Esquina Tango Cultural Society of Austin

Analysis

Esquina Tango Cultural Society of Austin is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in July 2008, 18 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Esquina Tango Cultural Society of Austin reported income of $363k and spending of $347k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $258k to $363k (+40%), an average of +8.9% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Esquina Tango Cultural Society of Austin sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Stranahan House Inc ($363k), Ladies of Hip-Hop Festival ($363k) and Web Chaver Inc ($363k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $150k (43% of expenses). At year end it held assets of $170k against liabilities of $148k, net assets of $22k. It reported 5 employees.