Taos County Economic Development Corporation

Analysis

Taos County Economic Development Corporation is a registered charity in United States, based in Taos, NM. It received its IRS tax-exemption ruling in June 1988, 38 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2022, Taos County Economic Development Corporation reported income of $309k and spending of $347k, spending 112% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $300k to $309k (+3.2%), an average of +1.1% a year. The sharpest change came in the year to December 2022, when income rose by 92%. Over the whole period it spent 126% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Taos County Economic Development Corporation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within NM. Charities of a similar size with the same main cause include Neighbors Plus ($309k), Stevenson Downtown Association ($310k) and Springfield Community Partnership Management Corporation ($309k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 97% and program service revenue 3.1% of the total. Other salaries and wages came to $111k. At year end it held assets of $700k against liabilities of $56k, net assets of $644k. It reported 9 employees.