Santa Fe Concert Association

Analysis

Santa Fe Concert Association is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in August 1973, 53 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Santa Fe Concert Association reported income of $1.6m and spending of $1.7m, spending 104% of its income. Across the 6 years on record, from April 2019 to June 2023, income grew from $1.4m to $1.6m (+20%), an average of +3.7% a year. The sharpest change came in the year to June 2020, when income rose by 708%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Santa Fe Concert Association sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Western Nevada College Foundation ($1.6m), Woodcrest Retreat Association ($1.6m) and Oshkosh Area United Way Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $156k (9.2% of expenses). Other salaries and wages came to $371k. At year end it held assets of $706k against liabilities of $235k, net assets of $471k. It reported 8 employees.