North Fourth Art Center

Analysis

North Fourth Art Center is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in January 1987, 39 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 June 2023, North Fourth Art Center reported income of $248k and spending of $583k, spending 235% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.1m to $248k (-78%), an average of -40% a year. The sharpest change came in the year to June 2022, when income rose by 4082%. Over the whole period it spent 122% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, North Fourth Art Center sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NM. Charities of a similar size with the same main cause include Colorado Mahlerfest ($248k), Maysville Players Inc ($248k) and City of Fairfax Theatre Company ($248k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $133k (23% of expenses). Other salaries and wages came to $140k. At year end it held assets of $316k against liabilities of $51k, net assets of $265k. It reported 8 employees.