Santa Fe Chamber Music Festival Ltd

Analysis

Santa Fe Chamber Music Festival Ltd is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in May 1973, 53 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Santa Fe Chamber Music Festival Ltd reported income of $3.2m and spending of $3.6m, spending 110% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $2.6m to $3.2m (+26%), an average of +5.9% a year. The sharpest change came in the year to October 2021, when income rose by 51%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Santa Fe Chamber Music Festival Ltd sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within NM. Charities of a similar size with the same main cause include Bloomingdale School of Music Inc ($3.2m), International Bluegrass Music Museum Inc ($3.2m) and Ash Registry Inc ($3.2m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 79% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $706k (20% of expenses). Other salaries and wages came to $557k. At year end it held assets of $1.2m against liabilities of $565k, net assets of $645k. It reported 20 employees.