Mitte Cultural District

Analysis

Mitte Cultural District is a registered charity in United States, based in Brownsville, TX. It received its IRS tax-exemption ruling in April 2017, 9 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, Mitte Cultural District reported income of $332k and spending of $161k, leaving 52% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $129k to $332k (+158%), an average of +158% a year. The sharpest change came in the year to December 2023, when income rose by 158%. Over the whole period it spent 61% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mitte Cultural District sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Junction Dance Co ($332k), Rusting Man Foundation ($332k) and Cultural Coalition Inc ($332k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $75k (47% of expenses). At year end it held assets of $230k against liabilities of $0, net assets of $230k. It reported 1 employees.