Arts, Culture & Humanities
(A23)
990 on File
LATINO MUSIC EDUCATION NETWORK
Financial strength (30%)
85/100
Reliability (20%)
45/100
Effectiveness (25%)
65/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2023
$395K
Total Revenue
$434K
Total Expenses
$98K
Net Assets
1
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
74.3%
Fundraising Efficiency
N/A
Operating Reserve
2.72x
Liability-to-Asset
19.8%
Revenue Diversification
79.9%
Executive Compensation
$38K
Compared with Peers
FY 2023
Compared with 16,965 similar organizations
(United States, Arts, Culture & Humanities, $100K–$1M in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
74.3% | 81.8% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
10.7% | 14.0% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
15.0% | 0.0% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
2.7 mo | 10.4 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
19.8% | 1.9% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
79.9% | 79.8% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
-11.5% | 9.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
161.3% | 13.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-10.0% | 1.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $395K | $434K | $98K | 74.3% | 1 |
| 2022 | $446K | $166K | N/A | — | 0 |
| 2021 | $161K | $153K | N/A | — | 1 |
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