Bienvenido USA

Analysis

Bienvenido USA is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in November 2019, 7 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, Bienvenido USA reported income of $297k and spending of $318k, spending 107% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $213k to $297k (+40%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bienvenido USA sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Act Foundation of Teton Valley ($297k), Alabama Holocaust Foundation ($297k) and William Bonifas Fine Arts Center Inc ($297k).

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 $12k (3.8% of expenses). Other salaries and wages came to $24k. At year end it held assets of $741 against liabilities of $49k, net assets of -$49k. It reported 2 employees.