National Hispanic Cultural Center Foundation

Analysis

National Hispanic Cultural Center Foundation is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in January 1986, 40 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 June 2023, National Hispanic Cultural Center Foundation reported income of $432k and spending of $1.0m, spending 234% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $703k to $432k (-39%), an average of -15% a year. The sharpest change came in the year to June 2023, when income dropped by 58%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Hispanic Cultural Center Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within NM. Charities of a similar size with the same main cause include Lmsarcoma Direct Research Foundation ($432k), Downtown Austin Parks LLC ($432k) and Tuscaloosa Symphony Association Inc ($432k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 120% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $101k (10.0% of expenses). Other salaries and wages came to $240k. At year end it held assets of $1.3m against liabilities of $351k, net assets of $971k. It reported 7 employees.