Spanish Academy

Analysis

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

In the financial year ending December 2023, Spanish Academy reported income of $390k and spending of $314k, spending 80% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $213k to $390k (+83%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 64%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Spanish Academy sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Friends of the Upper East Side Historic District Inc ($390k), Humboldt Arts Council ($390k) and Hispanic Cultural Center of Midland ($390k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $110k (35% of expenses). Other salaries and wages came to $100k. At year end it held assets of $127k against liabilities of $21k, net assets of $106k. It reported 29 employees.