Fiesta DC Inc

Analysis

Fiesta DC Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 2005, 21 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, Fiesta DC Inc reported income of $166k and spending of $233k, spending 141% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $221k to $166k (-25%), an average of -7.0% a year. The sharpest change came in the year to December 2022, when income dropped by 16%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fiesta DC Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 27th percentile within DC. Charities of a similar size with the same main cause include Southeast Volusia Historical Society Inc ($166k), Orange County Fine Arts Inc ($166k) and Orlando Gay Chorus Inc ($166k).

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 $8,763 against liabilities of $422k, net assets of -$413k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.