Rocky Mountain Arts

Analysis

Rocky Mountain Arts is a registered charity in United States, based in Telluride, CO. It received its IRS tax-exemption ruling in May 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Rocky Mountain Arts reported income of $54k and spending of $25k, leaving 53% of income unspent that year. Across the 2 years on record, from March 2023 to March 2024, income fell from $81k to $54k (-33%), an average of -33% a year. The sharpest change came in the year to March 2024, when income dropped by 33%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rocky Mountain Arts sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 18th percentile within CO. Charities of a similar size with the same main cause include Casa Theresa Inc ($54k), Life Center of Page Valley ($54k) and Three Village Garden Club Inc ($54k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 78% of the total. At year end it held assets of $68k against liabilities of $359, net assets of $67k.