Mexican Heritage Group of Salinas

Analysis

Mexican Heritage Group of Salinas is a registered charity in United States, based in Salinas, CA. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mexican Heritage Group of Salinas reported income of $55k and spending of $60k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $17k to $55k (+225%), an average of +224% a year. The sharpest change came in the year to December 2023, when income rose by 225%. Over the whole period it spent 126% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mexican Heritage Group of Salinas sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within CA. Charities of a similar size with the same main cause include South Carolina Archives and History Foundation ($55k), Wallingford Historic Preservation Trust Inc ($55k) and Bakersfield Master Chorale Inc ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 197% of the total. At year end it held assets of $6,865 against liabilities of $0, net assets of $6,865.