Centrocultural Mexicano

Analysis

Centrocultural Mexicano is a registered charity in United States, based in Redmond, WA. 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 (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, Centrocultural Mexicano reported income of $4.5m and spending of $3.6m, leaving 20% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $415k to $4.5m (+985%), an average of +121% a year. The sharpest change came in the year to December 2021, when income rose by 546%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Centrocultural Mexicano sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within WA. Charities of a similar size with the same main cause include Entertainment Revue Hits Foundation Inc ($4.5m), University Resident Theatre Association Inc ($4.5m) and Riverside Art Museum ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $299k (8.3% of expenses). Other salaries and wages came to $610k. At year end it held assets of $4.0m against liabilities of $903k, net assets of $3.1m. It reported 15 employees.