Society of the Muse of the Southwest

Analysis

Society of the Muse of the Southwest is a registered charity in United States, based in Taos, NM. It received its IRS tax-exemption ruling in August 1983, 43 years ago. 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 December 2023, Society of the Muse of the Southwest reported income of $185k and spending of $185k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $245k to $185k (-25%), an average of -6.8% a year. The sharpest change came in the year to December 2020, when income dropped by 45%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Society of the Muse of the Southwest sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within NM. Charities of a similar size with the same main cause include Beacon Harbor It Inc ($185k), Arques Maritime Preservation Foundation ($185k) and Aim for Life Inc ($185k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $50k (27% of expenses). At year end it held assets of $605k against liabilities of $896, net assets of $604k. It reported 2 employees.