Taos Center for the Arts

Analysis

Taos Center for the Arts is a registered charity in United States, based in Taos, NM. It received its IRS tax-exemption ruling in December 1964, 62 years ago. 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, Taos Center for the Arts reported income of $699k and spending of $537k, leaving 23% of income unspent that year. Across the 6 years on record, from August 2019 to December 2023, income grew from $456k to $699k (+53%), an average of +8.9% a year. The sharpest change came in the year to December 2023, when income rose by 221%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Taos Center for the Arts sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within NM. Charities of a similar size with the same main cause include Holy Family School Innercity Youth Foundation ($698k), Huntingdon Valley Library ($699k) and YMCA of Pulaski County Inc ($698k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 15% of the total. Other salaries and wages came to $211k. At year end it held assets of $1.5m against liabilities of $57k, net assets of $1.4m. It reported 30 employees.