Taos Fall Arts Festival Inc

Analysis

Taos Fall Arts Festival Inc is a registered charity in United States, based in Taos, NM. It received its IRS tax-exemption ruling in February 2015, 11 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, Taos Fall Arts Festival Inc reported income of $50k and spending of $60k, spending 119% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $65k to $50k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Taos Fall Arts Festival Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 16th percentile within NM. Charities of a similar size with the same main cause include Syracuse Poster Project Inc ($50k), Backdoor Theatre ($50k) and Sagtikos Manor Historical Society ($50k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. At year end it held assets of $34k against liabilities of $0, net assets of $34k.