Paseo Project Inc

Analysis

Paseo Project Inc is a registered charity in United States, based in Taos, NM. It received its IRS tax-exemption ruling in January 2017, 9 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, Paseo Project Inc reported income of $406k and spending of $345k, spending 85% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $359k to $406k (+13%), an average of +4.2% a year. The sharpest change came in the year to December 2022, when income rose by 43%. 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, Paseo Project Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within NM. Charities of a similar size with the same main cause include Music in World Cultures Inc ($406k), Arts Bridging the Gap ($406k) and Costume Society of America Inc ($406k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.1% of the total. Other salaries and wages came to $154k. At year end it held assets of $254k against liabilities of $3,498, net assets of $250k. It reported 5 employees.