Couse Foundation

Analysis

Couse Foundation is a registered charity in United States, based in Taos, NM. It received its IRS tax-exemption ruling in July 2001, 25 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending February 2023, Couse Foundation reported income of $1.4m and spending of $950k, leaving 33% of income unspent that year. Across the 5 years on record, from February 2019 to February 2023, income grew from $1.3m to $1.4m (+9.3%), an average of +2.2% a year. The sharpest change came in the year to February 2021, when income rose by 77%. Over the whole period it spent 44% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Couse Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within NM. Charities of a similar size with the same main cause include Freefall Theatre Inc ($1.4m), The Southern Documentary Fund ($1.4m) and Friends of Chamber Music ($1.4m).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 88% and program service revenue 2.4% of the total. Other salaries and wages came to $379k. At year end it held assets of $8.7m against liabilities of $489k, net assets of $8.3m. It reported 7 employees.