Arte Y Mana Inc

Analysis

Arte Y Mana Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in October 2021, 5 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, Arte Y Mana Inc reported income of $389k and spending of $301k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $250k to $389k (+56%), an average of +56% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arte Y Mana Inc 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 50th percentile within PR. Charities of a similar size with the same main cause include Thomas Beckett Foundation ($389k), Gilbert Theater ($389k) and Savannah Voice Festival Inc ($389k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $39k (13% of expenses). At year end it held assets of $226k against liabilities of $28k, net assets of $198k. It reported 2 employees.