Alcortas Folklorico Diamante Inc

Analysis

Alcortas Folklorico Diamante Inc is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in August 1999, 27 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, Alcortas Folklorico Diamante Inc reported income of $198k and spending of $186k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $141k to $198k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Alcortas Folklorico Diamante Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within TX. Charities of a similar size with the same main cause include Greater Patchogue Foundation Inc ($198k), East Wind Foundation for Youth ($198k) and Theatre Consortium of Silver Spring ($198k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. At year end it held assets of $16k against liabilities of $0, net assets of $16k.