Hombre Nuevo

Analysis

Hombre Nuevo is a registered charity in United States, based in El Monte, CA. It received its IRS tax-exemption ruling in October 1994, 32 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, Hombre Nuevo reported income of $6.8m and spending of $6.9m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.5m to $6.8m (-9.1%), an average of -2.4% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hombre Nuevo 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 Studio Theatre Inc ($6.8m), Sia Foundation Inc ($6.8m) and Flynn Center for the Performing Arts Ltd ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $330k (4.8% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $8.3m against liabilities of $96k, net assets of $8.2m. It reported 25 employees.