The American Assn of Teachers of Spanish and Portuguese Inc

Analysis

The American Assn of Teachers of Spanish and Portuguese Inc is a registered charity in United States, based in Chesterton, IN. It received its IRS tax-exemption ruling in April 1953, 73 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 American Assn of Teachers of Spanish and Portuguese Inc reported income of $1.7m and spending of $1.7m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.2m to $1.7m (-21%), an average of -5.8% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 84% 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 American Assn of Teachers of Spanish and Portuguese Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within IN. Charities of a similar size with the same main cause include The Board of Regents of Gunston Hall Incorporated ($1.7m), Venice Institute for Performing Arts Center Management Inc ($1.7m) and New Hampshire Historical Society ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.2% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $261k (16% of expenses). Other salaries and wages came to $315k. At year end it held assets of $4.2m against liabilities of $3,602, net assets of $4.2m. It reported 13 employees.