Tanguero Inc

Analysis

Tanguero Inc is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in October 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tanguero Inc reported income of $89k and spending of $94k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $71k to $89k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tanguero Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 31st percentile within IN. Charities of a similar size with the same main cause include Effingham County Cultural Center and Museum Association Inc NFP ($89k), Alfa Art Center a NJ Nonprofit Corporation ($89k) and Northern California Latvian Assn ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. At year end it held assets of $45k against liabilities of $10k, net assets of $35k.