Erace the Hate

Analysis

Erace the Hate is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in June 2024, 2 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, Erace the Hate reported income of $265k and spending of $78k, leaving 71% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $141k to $265k (+88%), an average of +88% a year. The sharpest change came in the year to December 2023, when income rose by 88%. Over the whole period it spent 28% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Erace the Hate sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within FL. Charities of a similar size with the same main cause include Beyond the Notes Music Festival Inc ($265k), Artlink Inc ($265k) and Suncoast Classic Jazz Inc ($265k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1,200. At year end it held assets of $333k against liabilities of $291, net assets of $333k.