Movimiento de Arte Y Cultura Latino Americana de San Jose Incorporated

Analysis

Movimiento de Arte Y Cultura Latino Americana de San Jose Incorporated is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in November 1993, 33 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 June 2023, Movimiento de Arte Y Cultura Latino Americana de San Jose Incorporated reported income of $2.3m and spending of $1.2m, leaving 48% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $646k to $2.3m (+252%), an average of +37% a year. The sharpest change came in the year to June 2020, when income rose by 101%. Over the whole period it spent 60% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Movimiento de Arte Y Cultura Latino Americana de San Jose Incorporated sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Frank Lloyd Wrights Martin House Co Rporation ($2.3m), African-American Civil War Memorial Freedom Foundation ($2.3m) and Niswonger Performing Arts Center Board Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $120k (10% of expenses). Other salaries and wages came to $560k. At year end it held assets of $8.9m against liabilities of $81k, net assets of $8.8m. It reported 31 employees.