Mexican Institute of Greater Houston Inc

Analysis

Mexican Institute of Greater Houston Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in November 1992, 34 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 2022, Mexican Institute of Greater Houston Inc reported income of $126k and spending of $141k, spending 112% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income fell from $184k to $126k (-31%), an average of -9.0% a year. The sharpest change came in the year to December 2020, when income dropped by 23%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mexican Institute of Greater Houston Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 46th percentile within TX. Charities of a similar size with the same main cause include Outsider Collective ($126k), Extreme History Project ($126k) and Pujari Inc ($126k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 44% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $21k (15% of expenses). At year end it held assets of $8,783 against liabilities of $34k, net assets of -$26k. It reported 2 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.