Hispanic Alliance for the Performing Arts

Analysis

Hispanic Alliance for the Performing Arts is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in June 2011, 15 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 July 2023, Hispanic Alliance for the Performing Arts reported income of $736k and spending of $829k, spending 113% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $383k to $736k (+92%), an average of +18% a year. The sharpest change came in the year to July 2021, when income rose by 56%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hispanic Alliance for the Performing Arts sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Aspire Higher Foundation Inc ($736k), Triton Museum of Art ($736k) and Salzburg Festival Society Inc ($736k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $97k (12% of expenses). Other salaries and wages came to $510k. At year end it held assets of $423k against liabilities of $19k, net assets of $404k. It reported 32 employees.