El Sistema USA Salinas Inc

Analysis

El Sistema USA Salinas Inc is a registered charity in United States, based in Salinas, CA. It received its IRS tax-exemption ruling in October 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 June 2023, El Sistema USA Salinas Inc reported income of $995k and spending of $807k, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $687k to $995k (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2020, when income dropped by 49%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, El Sistema USA Salinas Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Buffalo String Works Inc ($995k), Westchester Childrens Museum ($996k) and Hammond Blessed 25th ($995k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $101k (13% of expenses). Other salaries and wages came to $431k. At year end it held assets of $506k against liabilities of $485, net assets of $505k. It reported 18 employees.