Spain - USA Foundation

Analysis

Spain - USA Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 2001, 25 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, Spain - USA Foundation reported income of $305k and spending of $284k, spending 93% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $274k to $305k (+11%), an average of +3.6% a year. The sharpest change came in the year to December 2022, when income dropped by 30%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Spain - USA Foundation sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 36th percentile within DC. Charities of a similar size with the same main cause include Central Midwest Ballet Inc ($305k), Federation of United States Teachers and Adjudicator ($305k) and Chromadiverse Inc ($305k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $344k against liabilities of $19k, net assets of $325k.