Placitas Artist Series Inc

Analysis

Placitas Artist Series Inc is a registered charity in United States, based in Placitas, NM. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Placitas Artist Series Inc reported income of $147k and spending of $143k, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $121k to $147k (+22%), an average of +6.8% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Placitas Artist Series Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 43rd percentile within NM. Charities of a similar size with the same main cause include Unscrewed Theater ($147k), Irish American Community Center Venice Place ($147k) and Chamber Music International Inc ($147k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 31% of the total. At year end it held assets of $154k against liabilities of $26k, net assets of $128k.