Guataca Nights Foundation Inc

Analysis

Guataca Nights Foundation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in November 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Guataca Nights Foundation Inc reported income of $52k and spending of $50k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $59k to $52k (-12%), an average of -12% a year. Over the whole period it spent 136% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Guataca Nights Foundation Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 24th percentile within FL. Charities of a similar size with the same main cause include Nouveau Chamber Ballet ($52k), Santa Clara Valley Watercolor Society ($52k) and Montgomery Chamber Music Organization Inc ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.6% of the total. At year end it held assets of $8,121 against liabilities of $39k, net assets of -$31k.