Azteca Economic Development and Preservation Corporation

Analysis

Azteca Economic Development and Preservation Corporation is a registered charity in United States, based in Laredo, TX. It received its IRS tax-exemption ruling in October 1983, 43 years ago. 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, Azteca Economic Development and Preservation Corporation reported income of $523k and spending of $727k, spending 139% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $521k to $523k (+0.4%), an average of +0.1% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 130% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Azteca Economic Development and Preservation Corporation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include The Art Fund of Birmingham Inc ($523k), St Pius X Housing Inc Dolan Manor ($523k) and Lafayette Band Association ($523k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 82% of the total. Other salaries and wages came to $229k. At year end it held assets of $3.2m against liabilities of $22k, net assets of $3.1m. It reported 8 employees.

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.