Main Street Latin Festival

Analysis

Main Street Latin Festival is a registered charity in United States, based in West Columbia, SC. It received its IRS tax-exemption ruling in April 2020, 6 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, Main Street Latin Festival reported income of $107k and spending of $100k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $107k (+59%), an average of +59% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Main Street Latin Festival sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 44th percentile within SC. Charities of a similar size with the same main cause include Arts & Crafts Association of Meriden Inc ($107k), Pandit Jasraj School of Music Foundation ($107k) and Russian River Sisters Perpetual Indulgence Inc ($107k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.