Santa Fe Art Institute

Analysis

Santa Fe Art Institute is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in June 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Santa Fe Art Institute reported income of $485k and spending of $995k, spending 205% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $838k to $485k (-42%), an average of -13% a year. The sharpest change came in the year to December 2021, when income rose by 88%. Over the whole period it spent 139% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Santa Fe Art Institute sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within NM. Charities of a similar size with the same main cause include Pickerington High School North Athletic Boosters ($485k), Shooting Stars Foundation Inc ($485k) and Center for American Indian Research and Native Studies ($485k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 3.6% of the total. Other salaries and wages came to $393k. At year end it held assets of $3.4m against liabilities of $558k, net assets of $2.9m. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.