Mariachi Festival

Analysis

Mariachi Festival is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 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, Mariachi Festival reported income of $238k and spending of $233k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $161k to $238k (+48%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mariachi Festival sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Womens Alliance for Theology Ethics ($238k), Quilters Guild of Dallas Inc ($238k) and St Louis Classical Guitar ($238k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $36k against liabilities of $0, net assets of $36k.