Santa Fe Pro Musica Inc

Analysis

Santa Fe Pro Musica Inc is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in July 1980, 46 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Santa Fe Pro Musica Inc reported income of $1.1m and spending of $1.4m, spending 134% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $1.1m to $1.1m (-2.3%), an average of -0.6% a year. The sharpest change came in the year to July 2022, when income rose by 59%. Over the whole period it spent 105% 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 Pro Musica Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within NM. Charities of a similar size with the same main cause include Detroit Chamber Winds ($1.1m), Springfield Symphony Orchestra Association ($1.1m) and Ashtabula Arts Center ($1.1m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 69% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $100k (6.9% of expenses). Other salaries and wages came to $263k. At year end it held assets of $407k against liabilities of $291k, net assets of $116k. It reported 15 employees.