Movimiento Afrolatino Seattle

Analysis

Movimiento Afrolatino Seattle is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in September 2016, 10 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, Movimiento Afrolatino Seattle reported income of $223k and spending of $304k, spending 137% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $284k to $223k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Movimiento Afrolatino Seattle sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within WA. Charities of a similar size with the same main cause include Make Music Alliance Inc ($222k), Saginaw Choral Society ($223k) and Eastend Studio and Gallery ($222k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $73k (24% of expenses). At year end it held assets of $79k against liabilities of $2,342, net assets of $77k. It reported 1 employees.