Mission Cultural Center for Latino Arts

Analysis

Mission Cultural Center for Latino Arts is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in May 1979, 47 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, Mission Cultural Center for Latino Arts reported income of $1.9m and spending of $1.5m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.9m (+82%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 143%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mission Cultural Center for Latino Arts sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Friends of the Lobkowicz Collections Inc ($1.9m), Cihuapactli Collective ($1.9m) and Huntsville Symphony Orchestra Association ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 9.7% of the total. Compensation of current officers, directors and key employees was $85k (5.8% of expenses). Other salaries and wages came to $675k. At year end it held assets of $775k against liabilities of $98k, net assets of $677k. It reported 42 employees.