Latino Center of Art and Culture

Analysis

Latino Center of Art and Culture is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in November 1976, 50 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 June 2023, Latino Center of Art and Culture reported income of $281k and spending of $276k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $285k to $281k (-1.5%), an average of -0.4% a year. The sharpest change came in the year to June 2021, when income rose by 310%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Latino Center of Art and Culture sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include The National Academies Corporation ($281k), Galveston Symphony Orchestra Inc ($281k) and Pit & Balcony Inc ($281k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 8.2% of the total. Compensation of current officers, directors and key employees was $43k (16% of expenses). At year end it held assets of $114k against liabilities of $48k, net assets of $66k.