Fomento Cultural Banamex, Ac

Fomento Cultural Banamex, Ac is a registered arts & culture nonprofit, Mexico. It is registered with the SAT (Servicio de Administracion Tributaria). It was founded in 2003 and has been operating for 23 years. Its registration number is FCB711115UW6. It has a GiveRadar Integrity Assessment of 66/100 (Partial transparency), indicating some public data is available but key signals are missing. The organization reports $132M in annual revenue. No red flags have been detected.

Fomento Cultural Banamex, Ac has a GiveRadar Integrity Assessment of 66/100. This score combines five components: Registration (20 pts), Financial Transparency (30 pts), Governance (20 pts), Contact Availability (10 pts), and Data Recency (20 pts), with negative adjustments for any red flags. A score of 66 ('Partial transparency') means some public data is on file but key signals are missing - worth a closer look before donating. For comparison, the average integrity assessment for arts & culture charities in Mexico is 70/100.

Fomento Cultural Banamex, Ac is based in Ciudad de México, Mexico. The organization was established in 2003 and has been active for 23 years.

Based on official tax filings, Fomento Cultural Banamex, Ac has $132M in annual revenue. It allocates 73% of expenses to programs and services. This is in line with the average of 72% for arts & culture charities in Mexico. Administrative costs account for 1% of expenses. Its revenue is significantly above the peer average of $9M. Create a free GiveRadar account to view the complete financial breakdown with year-over-year trends.

Fomento Cultural Banamex, Ac is classified as a Arts & Culture organization, registered in Mexico. It operates as a Cultural. By size, it is categorized as a very-large organization. It has $132M in annual revenue.

No red flags have been detected for Fomento Cultural Banamex, Ac. GiveRadar automatically screens charities for concerning patterns including high executive compensation, low program spending, and missing financial filings. Based on available official data, no issues have been identified.

Fomento Cultural Banamex, Ac has a GiveRadar Integrity Assessment of 66/100. We recommend reviewing the full profile before making a donation decision. The organization is overseen by SAT. 73% of expenses go to programs. The peer average is 72%. Visit the Fomento Cultural Banamex, Ac profile on GiveRadar for full details before deciding. GiveRadar provides data for research purposes and does not endorse any organization. Always do your own due diligence.

Article Two.- The object of CULTURAL FOMENT BANAMEX, CIVIL ASSOCIATION (the Association) consists of:a) The promotion and dissemination of music, plastic arts, dramatic arts, dance, literature, architecture and cinematography in accordance with the Law that creates the National Institute of Fine Arts and Literature, as well as the Federal Law of Cinematography.b) Support for artistic education and research activities in accordance with the above mentioned paragraph... Fomento Cultural Banamex, Ac is classified as a arts & culture organization registered in Mexico. The organization was founded in 2003.

Among arts & culture charities registered in Mexico: Fomento Cultural Banamex, Ac's GiveRadar Integrity Assessment of 66/100 is in line with the peer average of 70/100. It allocates 73% of expenses to programs, in line with the peer average of 72%. Its annual revenue of $132M is well above the peer average of $9M.

Fomento Cultural Banamex, Ac is registered in Mexico. Donations to authorized donees (donatarias autorizadas) are tax-deductible up to 7% of your previous year's taxable income. The organization must be listed on SAT's official registry of authorized donees.