De Colores Arts

Analysis

De Colores Arts is a registered charity in United States, based in San Mateo, CA. It received its IRS tax-exemption ruling in May 2014, 12 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 December 2023, De Colores Arts reported income of $273k and spending of $322k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $419k to $273k (-35%), an average of -35% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, De Colores Arts sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Hispanic Festival Inc ($273k), Line 4 Line Oneil Barber and Beauty Salon ($273k) and Institute for Ecumenical & Cultural Research ($273k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $128k (40% of expenses). Other salaries and wages came to $72k. At year end it held assets of $22k against liabilities of $39k, net assets of -$17k. It reported 10 employees.