Crearte Latino Cultural Center Corp

Analysis

Crearte Latino Cultural Center Corp is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in August 2017, 9 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, Crearte Latino Cultural Center Corp reported income of $228k and spending of $113k, leaving 51% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $110k to $228k (+108%), an average of +108% a year. The sharpest change came in the year to December 2023, when income rose by 108%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Crearte Latino Cultural Center Corp sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within FL. Charities of a similar size with the same main cause include Hwoa ($228k), People and Stories - Gente Y Cuentos Inc ($228k) and Indexical Inc ($228k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 11% of the total. It paid $5,250 in professional fundraising fees. At year end it held assets of $185k against liabilities of $2,200, net assets of $183k.