Laredo Cultural District Inc

Analysis

Laredo Cultural District Inc is a registered charity in United States, based in Laredo, TX. It received its IRS tax-exemption ruling in January 2021, 5 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, Laredo Cultural District Inc reported income of $75k and spending of $39k, leaving 48% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $79k to $75k (-5.2%), an average of -5.2% a year. Over the whole period it spent 42% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Laredo Cultural District Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 31st percentile within TX. Charities of a similar size with the same main cause include Preservation Society of Columbus ($75k), The Hopeless Foundation ($75k) and Ashland Youth Ballet Inc ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. At year end it held assets of $111k against liabilities of $0, net assets of $111k.