The National Institute of Flamenco

Analysis

The National Institute of Flamenco is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in August 1986, 40 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, The National Institute of Flamenco reported income of $2.0m and spending of $2.4m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income grew from $1.6m to $2.0m (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2022, when income rose by 158%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The National Institute of Flamenco sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NM. Charities of a similar size with the same main cause include Sociedade Filarmonica Nova Alianca ($2.0m), American Society of Naval Engineers ($2.0m) and Match Midtown Arts & Theater Center Houston ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 52% of the total. Other salaries and wages came to $543k. At year end it held assets of $2.1m against liabilities of $1.0m, net assets of $1.1m. It reported 21 employees.