Miguel Contreras Foundation

Analysis

Miguel Contreras Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 2010, 16 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 2022, Miguel Contreras Foundation reported income of $864k and spending of $1.0m, spending 119% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.1m to $864k (-24%), an average of -8.6% a year. The sharpest change came in the year to December 2022, when income dropped by 25%. Over the whole period it spent 127% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Miguel Contreras Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Fiesta of Five Flags Foundation Inc ($863k), The Myrna Loy ($864k) and Motor City Theatre Organ Society Inc ($863k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $272k. At year end it held assets of $311k against liabilities of $0, net assets of $311k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.