Andean Textile Arts Inc

Analysis

Andean Textile Arts Inc is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in September 2001, 25 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, Andean Textile Arts Inc reported income of $236k and spending of $248k, spending 105% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income grew from $220k to $236k (+7.0%), an average of +3.5% a year. The sharpest change came in the year to December 2023, when income rose by 66%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Andean Textile Arts Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within NM. Charities of a similar size with the same main cause include Houston Repertoire Ballet ($236k), Juneteenth Ri ($236k) and Opus Community Music School ($236k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 60% of the total. At year end it held assets of $123k against liabilities of $800, net assets of $122k.