Arte Americas the Mexican Arts Center

Analysis

Arte Americas the Mexican Arts Center is a registered charity in United States, based in Fresno, CA. It received its IRS tax-exemption ruling in May 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Arte Americas the Mexican Arts Center reported income of $7.8m and spending of $954k, leaving 88% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $343k to $7.8m (+2158%), an average of +118% a year. The sharpest change came in the year to December 2023, when income rose by 871%. Over the whole period it spent 29% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arte Americas the Mexican Arts Center sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Portland Center Stage ($7.7m), Powerhouse Science Center ($7.8m) and Nantucket Historical Association ($7.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $80k (8.4% of expenses). Other salaries and wages came to $158k. It paid $2,500 in professional fundraising fees. At year end it held assets of $8.2m against liabilities of $37k, net assets of $8.2m. It reported 7 employees.