The Taos Community Foundation Inc

Analysis

The Taos Community Foundation Inc is a registered charity in United States, based in Taos, NM. It received its IRS tax-exemption ruling in December 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, The Taos Community Foundation Inc reported income of $5.6m and spending of $6.7m, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.1m to $5.6m (+38%), an average of +8.3% a year. The sharpest change came in the year to June 2021, when income rose by 233%. Over the whole period it spent 60% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Taos Community Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NM. Charities of a similar size with the same main cause include Pbsa Community Engagement Inc ($5.6m), PCF Gifting and Liquidation Charitable Foundation ($5.6m) and Skagit Community Foundation ($5.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $93k (1.4% of expenses). Other salaries and wages came to $381k. At year end it held assets of $21.2m against liabilities of $2.2m, net assets of $19.0m. It reported 6 employees.