Hola Cultura

Analysis

Hola Cultura is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 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, Hola Cultura reported income of $131k and spending of $171k, spending 130% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $216k to $131k (-39%), an average of -39% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hola Cultura sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 23rd percentile within DC. Charities of a similar size with the same main cause include Chinese Institute of Engineers New York Inc ($131k), Community Revitalization Alliance Inc ($131k) and Elite Naach Academy ($131k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.0% of the total. At year end it held assets of $30k against liabilities of $0, net assets of $30k.