Festival Chicano

Analysis

Festival Chicano is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in June 1987, 39 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, Festival Chicano reported income of $52k and spending of $50k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $102k to $52k (-50%), an average of -16% a year. The sharpest change came in the year to December 2021, when income rose by 245%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Festival Chicano sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 20th percentile within TX. Charities of a similar size with the same main cause include Lets Talk Dementia ($52k), Oak Grove Theater Inc ($52k) and Peculiar Works Project Inc ($51k).

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 $26k against liabilities of $0, net assets of $26k.