Taos Arts Council

Analysis

Taos Arts Council is a registered charity in United States, based in Taos, NM. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover unknown, 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 June 2024, Taos Arts Council reported income of $99k and spending of $95k, spending 96% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $28k to $99k (+257%), an average of +257% a year. The sharpest change came in the year to June 2024, when income rose by 257%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Taos Arts Council sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 32nd percentile within NM. Charities of a similar size with the same main cause include Life Center of Freeborn County Inc ($99k), Mott Opportunity Today and Tomorrow Inc ($99k) and Little League Baseball Inc ($99k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 88% and program service revenue 12% of the total. At year end it held assets of $28k against liabilities of $16k, net assets of $12k.