Los Alamos Arts Council

Analysis

Los Alamos Arts Council is a registered charity in United States, based in Los Alamos, NM. It received its IRS tax-exemption ruling in January 1969, 57 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 2023, Los Alamos Arts Council reported income of $336k and spending of $327k, spending 97% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $160k to $336k (+111%), an average of +45% a year. The sharpest change came in the year to June 2022, when income rose by 106%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Los Alamos Arts Council sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within NM. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($336k), Irmandade Da Festa Do Divino ($336k) and Marucci Elite Corpus Christi ($336k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $39k (12% of expenses). Other salaries and wages came to $206k. At year end it held assets of $98k against liabilities of $6,742, net assets of $91k. It reported 29 employees.