Saludarte Foundation Inc

Analysis

Saludarte Foundation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in July 2025. 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 2020, Saludarte Foundation Inc reported income of $72k and spending of $92k, spending 128% of what it took in. Across the 2 years on record, from December 2019 to December 2020, income fell from $139k to $72k (-48%), an average of -48% a year. The sharpest change came in the year to December 2020, when income dropped by 48%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Saludarte Foundation Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 32nd percentile within FL. Charities of a similar size with the same main cause include Nelson County Arts Council ($72k), Rapid City Concert Association ($72k) and Rajaveena School of Music Foundation ($72k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 100% of the total. At year end it held assets of $19k against liabilities of $1.7m, net assets of -$1.6m. It reported 1 employees.