Music at Angel Fire Inc

Analysis

Music at Angel Fire Inc is a registered charity in United States, based in Angel Fire, NM. It received its IRS tax-exemption ruling in November 1984, 42 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2024, Music at Angel Fire Inc reported income of $243k and spending of $281k, spending 116% of what it took in. Across the 6 years on record, from October 2019 to October 2024, income fell from $329k to $243k (-26%), an average of -5.9% a year. The sharpest change came in the year to October 2021, when income rose by 130%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Music at Angel Fire Inc 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 Take Note Troupe Inc ($242k), Sierra Music & Arts Institute ($243k) and Pakistan Association of Memphis ($242k).

On its Form 990 for the period ending October 2024, revenue came from contributions and grants 80% and program service revenue 16% of the total. Other salaries and wages came to $202. At year end it held assets of $351k against liabilities of $106k, net assets of $245k.