Santa Fe School for the Arts

Analysis

Santa Fe School for the Arts is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in March 2000, 26 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Santa Fe School for the Arts reported income of $2.0m and spending of $2.2m, spending 107% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $2.4m to $2.0m (-16%), an average of -4.3% a year. The sharpest change came in the year to August 2020, when income dropped by 31%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Santa Fe School for the Arts sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NM. Charities of a similar size with the same main cause include Westmoreland Sanctuary Inc ($2.0m), Achieve Tahoe ($2.0m) and James Developmental Center Inc ($2.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 5.9% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $159k (7.2% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $3.8m against liabilities of $1.1m, net assets of $2.7m. It reported 53 employees.