Foundation for Mexican Art and Culture

Analysis

Foundation for Mexican Art and Culture is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 2015, 11 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, Foundation for Mexican Art and Culture reported income of $371k and spending of $409k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $127k to $371k (+192%), an average of +31% a year. The sharpest change came in the year to December 2020, when income rose by 226%. Over the whole period it spent 49% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Foundation for Mexican Art and Culture sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Artscentric Inc ($371k), Centro Cultural Hispano de San Marcos ($371k) and Missoula Cultural Council ($371k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $5,826. At year end it held assets of $1.3m against liabilities of $12, net assets of $1.3m. It reported 1 employees.