Taos Academy Foundation

Analysis

Taos Academy Foundation is a registered charity in United States, based in Taos, NM. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 June 2023, Taos Academy Foundation reported income of $207k and spending of $232k, spending 112% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $207k to $207k (-0.2%), an average of -0.1% a year. Over the whole period it spent 121% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Taos Academy Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NM. Charities of a similar size with the same main cause include Spanish Church of God of Prophecy Ny 11 ($207k), St Sophia Religious Association of Ukrainian Catholics Inc ($207k) and A41 Inc ($207k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. At year end it held assets of $2.6m against liabilities of $1.9m, net assets of $682k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.