Santa Fe Music Collective

Analysis

Santa Fe Music Collective is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Santa Fe Music Collective reported income of $94k and spending of $88k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $73k to $94k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Santa Fe Music Collective sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 31st percentile within NM. Charities of a similar size with the same main cause include Colorado Society of School Psychologists ($94k), Parent Booster USA Inc ($94k) and Wright Community Assistance ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 40% of the total. At year end it held assets of $127k against liabilities of $0, net assets of $127k.