Zorongo Flamenco Inc

Analysis

Zorongo Flamenco Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 1984, 42 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 June 2023, Zorongo Flamenco Inc reported income of $195k and spending of $154k, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $210k to $195k (-7.3%), an average of -1.9% a year. The sharpest change came in the year to June 2021, when income dropped by 36%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Zorongo Flamenco Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within MN. Charities of a similar size with the same main cause include Whippany Railway Museum ($195k), Ra-Ve Cultural Foundation Inc ($195k) and A Pictures Worth Inc ($195k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Other salaries and wages came to $77k. It paid $3,500 in professional fundraising fees. At year end it held assets of $118k against liabilities of $26k, net assets of $92k. It reported 2 employees.