Mariachi Spectacular

Analysis

Mariachi Spectacular is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in January 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, Mariachi Spectacular reported income of $367k and spending of $407k, spending 111% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income grew from $347k to $367k (+5.9%), an average of +2.9% a year. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mariachi Spectacular sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within NM. Charities of a similar size with the same main cause include Dare to Defy Productions Inc ($367k), Spark Arts Ignite Learning ($367k) and Greek America Cultural and Educational Foundation Inc ($367k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. At year end it held assets of $300k against liabilities of $96k, net assets of $204k.