Downtown Taos

Analysis

Downtown Taos is a registered charity in United States, based in Taos, NM. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2023, Downtown Taos reported income of $67k and spending of $84k, spending 126% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $48k to $67k (+39%), an average of +39% a year. The sharpest change came in the year to June 2023, when income rose by 39%. Over the whole period it spent 129% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Taos sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 22nd percentile within NM. Charities of a similar size with the same main cause include The Junior League of Knoxville Inc ($67k), New City Cleveland ($67k) and Ventura County Family to Family ($67k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. At year end it held assets of $3,434 against liabilities of $31k, net assets of -$27k.