Herencia Mariachi Academy

Analysis

Herencia Mariachi Academy is a registered charity in United States, based in Corona, CA. It received its IRS tax-exemption ruling in May 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Herencia Mariachi Academy reported income of $339k and spending of $276k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $177k to $339k (+92%), an average of +92% a year. The sharpest change came in the year to December 2023, when income rose by 92%. 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, Herencia Mariachi Academy sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Maryland Art Place Inc ($339k), Bare Hands Gallery Inc ($339k) and Elgin Master Chorale Inc ($339k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 49% of the total. Other salaries and wages came to $144k. At year end it held assets of $154k against liabilities of $59k, net assets of $96k.