Mexican Cultural Institute

Analysis

Mexican Cultural Institute is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 1991, 35 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, Mexican Cultural Institute reported income of $269k and spending of $230k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $409k to $269k (-34%), an average of -9.9% a year. The sharpest change came in the year to December 2020, when income dropped by 65%. 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, Mexican Cultural Institute sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 34th percentile within DC. Charities of a similar size with the same main cause include Museum of Work and Culture Preservation Foundation ($269k), Rural Sociological Society ($269k) and Angels Share Inc ($269k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 33% of the total. At year end it held assets of $176k against liabilities of $25k, net assets of $151k.