Spanish Colonial Arts Society Inc

Analysis

Spanish Colonial Arts Society Inc is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in September 1954, 72 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, Spanish Colonial Arts Society Inc reported income of $882k and spending of $504k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $840k to $882k (+5.0%), an average of +1.2% a year. The sharpest change came in the year to December 2021, when income rose by 237%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Spanish Colonial Arts Society Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within NM. Charities of a similar size with the same main cause include N1 Foundation Inc ($882k), Arte Noir ($882k) and Lightworks Collective Inc ($881k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $88k (17% of expenses). Other salaries and wages came to $118k. At year end it held assets of $3.4m against liabilities of $62k, net assets of $3.4m. It reported 5 employees.