Instituto Cervantes Usa Inc
Instituto Cervantes Usa Inc consistently operates at a deficit, drawing down assets over the past decade.
EIN: 133800869 · New York, NY · NTEE: A99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $2.3M |
| Program Spending | 75% |
| Net Assets | $10.7M |
| Transparency Score | 60/100 |
Is Instituto Cervantes Usa Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Instituto Cervantes Usa Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Instituto Cervantes Usa Inc
Instituto Cervantes Usa Inc (EIN: 133800869) is a nonprofit organization based in New York, NY, classified under NTEE code A99. The organization reported total revenue of $2.1M and total assets of $10.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Instituto Cervantes Usa Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Instituto Cervantes Usa Inc is a mid-size nonprofit that has been operating for 31 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $2.3M |
| Surplus / Deficit | $-751,429 |
| Total Assets | $10.9M |
| Total Liabilities | $201K |
| Net Assets | $10.7M |
| Operating Margin | -47.8% |
| Debt-to-Asset Ratio | 1.8% |
| Months of Reserves | 56.4 months |
Financial Health Grade: B
In 2023, Instituto Cervantes Usa Inc reported a deficit of $751K with expenses exceeding revenue, holds 56.4 months of operating reserves (strong position), has a debt-to-asset ratio of 1.8% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Instituto Cervantes Usa Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.5% | +7.5% | -6.3% |
| 2022 | -16.6% | -4.4% | -6.8% |
| 2021 | +2.3% | +6.1% | -2.1% |
| 2020 | -23.8% | -16.1% | -4.5% |
| 2019 | -1.3% | +1.2% | -3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Instituto Cervantes Usa Inc with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Instituto Cervantes Usa Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $751K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting that officers either receive no compensation or are compensated through other means not categorized as 'Officer Comp' on the 990, which is a positive indicator for minimizing overhead in this area.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Instituto Cervantes Usa Inc's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue in all reported periods)
- Steady decline in total assets over the past decade (from $15.2M in 2014 to $10.9M in 2023)
Strengths
The following positive indicators were identified for Instituto Cervantes Usa Inc:
- Reported 0% officer compensation, indicating low executive overhead or alternative compensation structures.
- Maintains a significant asset base ($10.9 million in 2023) despite consistent deficits, providing some financial cushion.
Frequently Asked Questions about Instituto Cervantes Usa Inc
Is Instituto Cervantes Usa Inc a legitimate charity?
Instituto Cervantes Usa Inc (EIN: 133800869) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 60/100. It has 14 years of IRS 990 filings on record. Total revenue: $2.1M. 2 red flags identified. 2 strengths noted. Financial health grade: B.
How does Instituto Cervantes Usa Inc spend its money?
Instituto Cervantes Usa Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Instituto Cervantes Usa Inc tax-deductible?
Instituto Cervantes Usa Inc is registered as a tax-exempt nonprofit (EIN: 133800869). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Instituto Cervantes Usa Inc's spending goes to programs?
Instituto Cervantes Usa Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Instituto Cervantes Usa Inc compare to similar nonprofits?
With a transparency score of 60/100 (Good), Instituto Cervantes Usa Inc is above average for NTEE category A99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Instituto Cervantes Usa Inc located?
Instituto Cervantes Usa Inc is headquartered in New York, New York and files with the IRS under EIN 133800869. It is classified under NTEE code A99.
How many years of IRS 990 filings does Instituto Cervantes Usa Inc have?
Instituto Cervantes Usa Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.1M in total revenue.
Is Instituto Cervantes Usa Inc financially sustainable given its consistent operating deficits?
The organization has consistently spent more than it earns, leading to a decline in assets from over $15 million in 2014 to approximately $10.9 million in 2023. This trend raises concerns about long-term financial sustainability if not addressed.
What is the primary source of funding for Instituto Cervantes Usa Inc, given its revenue shortfalls?
The provided data indicates that revenue consistently falls short of expenses. Without a detailed breakdown of revenue sources, it's unclear how the organization covers its operational deficits, though the declining asset base suggests it's drawing from reserves.
How does the organization plan to address the continuous decline in its asset base?
The consistent decrease in assets, from $15,241,138 in 2014 to $10,932,717 in 2023, indicates a need for a strategic plan to either increase revenue or reduce expenses to halt this trend.
Filing History
IRS 990 filing history for Instituto Cervantes Usa Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Instituto Cervantes Usa Inc's revenue has declined by 42.3%, moving from $2.7M to $1.6M. Total assets decreased by 36.2% over the same period, from $17.1M to $10.9M. Total functional expenses fell by 29.5%, from $3.3M to $2.3M. In its most recent filing year (2023), Instituto Cervantes Usa Inc reported a deficit of $751K, with expenses exceeding revenue. The organization holds $201K in liabilities against $10.9M in assets (debt-to-asset ratio: 1.8%), resulting in net assets of $10.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $2.3M | $10.9M | $201K | — | View 990 |
| 2022 | $1.3M | $2.2M | $11.7M | $182K | — | View 990 |
| 2021 | $1.6M | $2.3M | $12.5M | $195K | — | View 990 |
| 2020 | $1.6M | $2.1M | $12.8M | $181K | — | — |
| 2019 | $2.0M | $2.5M | $13.4M | $211K | — | View 990 |
| 2018 | $2.1M | $2.5M | $13.9M | $249K | — | View 990 |
| 2017 | $2.3M | $2.6M | $14.3M | $188K | — | View 990 |
| 2016 | $2.3M | $2.6M | $14.7M | $214K | — | View 990 |
| 2015 | $2.3M | $2.6M | $15.0M | $266K | — | View 990 |
| 2014 | $2.4M | $2.6M | $15.2M | $201K | — | View 990 |
| 2013 | $2.0M | $2.6M | $15.5M | $203K | — | View 990 |
| 2012 | $2.6M | $3.1M | $16.1M | $128K | — | View 990 |
| 2011 | $2.4M | $3.0M | $16.6M | $200K | — | View 990 |
| 2010 | $2.7M | $3.3M | $17.1M | $117K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $2.3M, and assets of $10.9M (revenue +18.5% year-over-year).
- 2022: Revenue of $1.3M, expenses of $2.2M, and assets of $11.7M (revenue -16.6% year-over-year).
- 2021: Revenue of $1.6M, expenses of $2.3M, and assets of $12.5M (revenue +2.3% year-over-year).
- 2020: Revenue of $1.6M, expenses of $2.1M, and assets of $12.8M (revenue -23.8% year-over-year).
- 2019: Revenue of $2.0M, expenses of $2.5M, and assets of $13.4M (revenue -1.3% year-over-year).
- 2018: Revenue of $2.1M, expenses of $2.5M, and assets of $13.9M (revenue -8.3% year-over-year).
- 2017: Revenue of $2.3M, expenses of $2.6M, and assets of $14.3M (revenue -1.0% year-over-year).
- 2016: Revenue of $2.3M, expenses of $2.6M, and assets of $14.7M (revenue -2.0% year-over-year).
- 2015: Revenue of $2.3M, expenses of $2.6M, and assets of $15.0M (revenue -1.5% year-over-year).
- 2014: Revenue of $2.4M, expenses of $2.6M, and assets of $15.2M (revenue +19.7% year-over-year).
- 2013: Revenue of $2.0M, expenses of $2.6M, and assets of $15.5M (revenue -23.4% year-over-year).
- 2012: Revenue of $2.6M, expenses of $3.1M, and assets of $16.1M (revenue +6.7% year-over-year).
- 2011: Revenue of $2.4M, expenses of $3.0M, and assets of $16.6M (revenue -11.5% year-over-year).
- 2010: Revenue of $2.7M, expenses of $3.3M, and assets of $17.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Instituto Cervantes Usa Inc:
Data Sources and Methodology
This transparency report for Instituto Cervantes Usa Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.