Center of Southwest Culture Inc

Analysis

Center of Southwest Culture Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in March 1993, 33 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 December 2023, Center of Southwest Culture Inc reported income of $3.4m and spending of $3.7m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $3.4m (+60%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 195%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Center of Southwest Culture Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within NM. Charities of a similar size with the same main cause include Citydance Ensemble Inc ($3.4m), North Carolina Symphony Foundation ($3.4m) and Nantucket Dreamland Foundation ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.3% of the total. Compensation of current officers, directors and key employees was $187k (5.1% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $2.5m against liabilities of $136k, net assets of $2.4m. It reported 36 employees.