Cultura Brasil in Austin

Analysis

Cultura Brasil in Austin is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in June 2020, 6 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, Cultura Brasil in Austin reported income of $152k and spending of $167k, spending 110% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $149k to $152k (+2.2%), an average of +2.2% a year. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cultura Brasil in Austin sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 51st percentile within TX. Charities of a similar size with the same main cause include The Milwaukee Ballet Orchestra Inc ($152k), Iranian-Armenian Society Inc ($152k) and Wild Goose Creative Incorporated ($152k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $94k. At year end it held assets of $28k against liabilities of $764, net assets of $27k.