Cibola Arts Council Inc

Analysis

Cibola Arts Council Inc is a registered charity in United States, based in Grants, NM. It received its IRS tax-exemption ruling in January 1975, 51 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 2024, Cibola Arts Council Inc reported income of $59k and spending of $48k, spending 81% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $64k to $59k (-7.8%), an average of -7.8% a year. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cibola Arts Council Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 19th percentile within NM. Charities of a similar size with the same main cause include Tennessee Association for Childrens Early Education ($59k), Central Massachusetts Chiefs of Police Association ($59k) and Ibew 77 Womens Committee ($59k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 95% of the total. At year end it held assets of $31k against liabilities of $2,161, net assets of $29k.