Museum of Latin American Art

Analysis

Museum of Latin American Art is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in February 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 (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, Museum of Latin American Art reported income of $5.1m and spending of $6.1m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $5.1m (+190%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 83%. Over the whole period it spent 125% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Museum of Latin American Art sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include French Quarter Festival Inc ($5.1m), Z Space Studio ($5.1m) and Westcoast Black Theatre Troupe of Florida Inc ($5.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $476k (7.8% of expenses). Other salaries and wages came to $2.1m. It paid $120k in professional fundraising fees. At year end it held assets of $42.2m against liabilities of $759k, net assets of $41.4m. It reported 70 employees.