Amigos Bravos Inc

Analysis

Amigos Bravos Inc is a registered charity in United States, based in Taos, NM. It received its IRS tax-exemption ruling in October 1989, 37 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 September 2023, Amigos Bravos Inc reported income of $1.6m and spending of $1.0m, leaving 37% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $693k to $1.6m (+137%), an average of +24% a year. The sharpest change came in the year to September 2021, when income rose by 421%. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Amigos Bravos Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NM. Charities of a similar size with the same main cause include West Georgia Technical College Foundation Inc ($1.6m), Salinas Girls Fastpitch Inc ($1.6m) and Saint Louis Ballet Company ($1.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 80% and program service revenue 16% of the total. Other salaries and wages came to $422k. At year end it held assets of $4.1m against liabilities of $34k, net assets of $4.1m. It reported 8 employees.