Somos Cultura Y Mas

Analysis

Somos Cultura Y Mas is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in April 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, Somos Cultura Y Mas reported income of $66k and spending of $66k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $97k to $66k (-32%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Somos Cultura Y Mas sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within TX. Charities of a similar size with the same main cause include Redwood Empire Chinese Association ($66k), Hutchinson Theatre Company ($66k) and Ars Arts & Culture Center ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 70% of the total. At year end it held assets of $11k against liabilities of $56k, net assets of -$45k.