Amado and J B Pena Art Has Heart Foundation

Analysis

Amado and J B Pena Art Has Heart Foundation is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in September 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Amado and J B Pena Art Has Heart Foundation reported income of $79k and spending of $20k, leaving 75% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $1,132 to $79k (+6911%), an average of +6911% a year. The sharpest change came in the year to December 2023, when income rose by 6911%. Over the whole period it spent 38% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Amado and J B Pena Art Has Heart Foundation sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 26th percentile within NM. Charities of a similar size with the same main cause include Friends of the Childrens Library of Huntington Beach Ca ($79k), Isd 88 Foundation ($79k) and 911 Promise Run Inc ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $152k against liabilities of $0, net assets of $152k.