Taos Sports Associates Incorporated

Analysis

Taos Sports Associates Incorporated is a registered charity in United States, based in Taos, NM. It received its IRS tax-exemption ruling in September 1976, 50 years ago. 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 June 2024, Taos Sports Associates Incorporated reported income of $490k and spending of $587k, spending 120% of what it took in. Across the 6 years on record, from April 2020 to June 2024, income grew from $348k to $490k (+41%), an average of +7.1% a year. The sharpest change came in the year to June 2024, when income rose by 3125%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Taos Sports Associates Incorporated sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within NM. Charities of a similar size with the same main cause include The American Cause ($490k), Louisiana Christian Schools ($490k) and National Society of the Daughters of the American Revolution ($490k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 38% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $169k (29% of expenses). Other salaries and wages came to $163k. At year end it held assets of $372k against liabilities of $9,521, net assets of $363k. It reported 49 employees.