Friends of the National Museum of the American Latino Inc

Analysis

Friends of the National Museum of the American Latino Inc is a registered charity in United States, based in Fairfax, VA. It received its IRS tax-exemption ruling in May 2014, 12 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, Friends of the National Museum of the American Latino Inc reported income of $256k and spending of $245k, spending 96% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $219k to $256k (+17%), an average of +5.3% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the National Museum of the American Latino Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within VA. Charities of a similar size with the same main cause include Hart Choir Booster Club ($256k), Creative Arts Inc ($256k) and Corpus Christi Geological Library I NC ($256k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $161k against liabilities of $47k, net assets of $114k.