Moving Arts Espanola

Analysis

Moving Arts Espanola is a registered charity in United States, based in Velarde, NM. It received its IRS tax-exemption ruling in March 2013, 13 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, Moving Arts Espanola reported income of $1.1m and spending of $799k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $602k to $1.1m (+87%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 68%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Moving Arts Espanola sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within NM. Charities of a similar size with the same main cause include Theatre Horizon ($1.1m), Sacrmento History Alliance Inc ($1.1m) and Twelfth Avenue Arts Association ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $74k (9.3% of expenses). Other salaries and wages came to $384k. It paid $2,682 in professional fundraising fees. At year end it held assets of $820k against liabilities of $44k, net assets of $775k. It reported 41 employees.