The Ricardo Montalban Foundation Inc

Analysis

The Ricardo Montalban Foundation Inc is a registered charity in United States, based in Hollywood, CA. It received its IRS tax-exemption ruling in July 1999, 27 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, The Ricardo Montalban Foundation Inc reported income of $1.2m and spending of $2.3m, spending 198% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $1.2m to $1.2m (-3.8%), an average of -0.8% a year. The sharpest change came in the year to December 2021, when income rose by 292%. Over the whole period it spent 119% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Ricardo Montalban Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Northland Shepherds Center ($1.2m), Youth in Arts ($1.2m) and Coral Gables Museum Corporation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.0% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $120k (5.2% of expenses). Other salaries and wages came to $388k. At year end it held assets of $2.1m against liabilities of $1.2m, net assets of $947k. It reported 43 employees.