El Museo Latino

Analysis

El Museo Latino is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in January 1994, 32 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, El Museo Latino reported income of $3.0m and spending of $552k, leaving 81% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $473k to $3.0m (+530%), an average of +58% a year. The sharpest change came in the year to December 2023, when income rose by 135%. Over the whole period it spent 43% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, El Museo Latino sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within NE. Charities of a similar size with the same main cause include World Arts Focus ($3.0m), Stratford Hall ($3.0m) and Wheels Through Time Museum Inc ($3.0m).

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. Compensation of current officers, directors and key employees was $89k (16% of expenses). Other salaries and wages came to $237k. At year end it held assets of $4.4m against liabilities of $5,153, net assets of $4.4m. It reported 7 employees.