El Ingenio Inc

Analysis

El Ingenio Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in September 2012, 14 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, El Ingenio Inc reported income of $205k and spending of $205k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $140k to $205k (+46%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 100% 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 Ingenio Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within FL. Charities of a similar size with the same main cause include Ceny Centro Educativo Inc ($205k), Allens Community Theatre ($205k) and Society of 1868 Inc ($205k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $20k (9.5% of expenses). At year end it held assets of $157k against liabilities of $83k, net assets of $74k. It reported 1 employees.