Fomento Cultural Banamex, Ac

Fomento Cultural Banamex, Ac is a registered arts & culture nonprofit in 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. GiveRadar's Integrity Assessment for the organization is 73/100, which reflects how much public information is available, not whether the charity is legitimate. The organization reports $132M in annual revenue. No red flags have been detected.

Fomento Cultural Banamex, Ac's official registration number is FCB711115UW6, as recorded in the national registry of Mexico.

Fomento Cultural Banamex, Ac has a GiveRadar Integrity Assessment of 73/100. 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 73 ('Strong transparency') reflects well-documented governance, recent financials, named leadership, and working contact details. For comparison, the average integrity assessment for arts & culture charities in Mexico is 77/100.

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 above the average of 65% 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 an Arts & Culture organization, registered in Mexico. It operates as a Cultural. By size, it is categorized as a major 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.

According to GiveRadar's records, Fomento Cultural Banamex, Ac is registered with the SAT (Servicio de Administracion Tributaria) and overseen by SAT. It reports that 73% of expenses go to programs (the peer average is 65%). GiveRadar provides data for research and does not endorse any organization. A GiveRadar Integrity Assessment reflects how much public data is available, not whether an organization is safe to donate to, so it is always smart to do your own research before giving.

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 an arts & culture organization registered in Mexico. The organization was founded in 2003.

Among arts & culture charities registered in Mexico: It allocates 73% of expenses to programs, above the peer average of 65%. 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.