Sones de Mexico Ensemble

Analysis

Sones de Mexico Ensemble is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 2004, 22 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, Sones de Mexico Ensemble reported income of $296k and spending of $250k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $291k to $296k (+1.8%), an average of +0.5% a year. The sharpest change came in the year to December 2021, when income rose by 158%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sones de Mexico Ensemble sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within IL. Charities of a similar size with the same main cause include The Stray Theater Inc ($296k), Decatur Makers Inc ($296k) and Virginia National Ballet ($296k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $40k (16% of expenses). At year end it held assets of $527k against liabilities of $6,163, net assets of $521k. It reported 1 employees.