Moyo-Nguvu Cultural Art Center Inc

Analysis

Moyo-Nguvu Cultural Art Center Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in March 1991, 35 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, Moyo-Nguvu Cultural Art Center Inc reported income of $123k and spending of $123k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $165k to $123k (-25%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Moyo-Nguvu Cultural Art Center Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 39th percentile within CO. Charities of a similar size with the same main cause include I Was Here Inc ($123k), Chinese Language School of Columbia ($123k) and Pygmalion Productions Incorporated ($123k).

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 $15k. At year end it held assets of $98k against liabilities of $96k, net assets of $1,772. It reported 1 employees.