Mariachi Scholarship Foundation

Analysis

Mariachi Scholarship Foundation is a registered charity in United States, based in Bonita, CA. It received its IRS tax-exemption ruling in January 2000, 26 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, Mariachi Scholarship Foundation reported income of $105k and spending of $80k, leaving 24% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $3.3m to $105k (-97%), an average of -82% a year. The sharpest change came in the year to December 2022, when income dropped by 94%. Over the whole period it spent 8.8% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mariachi Scholarship Foundation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 40th percentile within CA. Charities of a similar size with the same main cause include Lions Lincoln Theatre Inc ($105k), Indiana Fiddlers Gathering Inc ($105k) and Empty Space Productions ($105k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 107% of the total. At year end it held assets of $326k against liabilities of $2, net assets of $326k.