Friends of the Cumbres & Toltec

Analysis

Friends of the Cumbres & Toltec is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in January 1989, 37 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 December 2023, Friends of the Cumbres & Toltec reported income of $760k and spending of $745k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $760k (-30%), an average of -8.6% a year. The sharpest change came in the year to December 2020, when income dropped by 50%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Cumbres & Toltec 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 76th percentile, and in the 75th percentile within NM. Charities of a similar size with the same main cause include North Texas Business Council for the Arts ($759k), Gurbanisewa Inc ($760k) and The W O W Project Inc ($759k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $104k (14% of expenses). Other salaries and wages came to $80k. At year end it held assets of $2.2m against liabilities of $81k, net assets of $2.1m. It reported 3 employees.