Taos School of Music Incorporated

Analysis

Taos School of Music Incorporated is a registered charity in United States, based in Taos, NM. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 September 2023, Taos School of Music Incorporated reported income of $941k and spending of $496k, leaving 47% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $300k to $941k (+214%), an average of +33% a year. The sharpest change came in the year to September 2023, when income rose by 67%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Taos School of Music Incorporated 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 79th percentile, and in the 78th percentile within NM. Charities of a similar size with the same main cause include International Society of Offshore and Polar Engineers ($941k), GRSP Foundation ($941k) and St Joseph Museum ($941k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 86% and program service revenue 7.2% of the total. Compensation of current officers, directors and key employees was $75k (15% of expenses). Other salaries and wages came to $6,751. At year end it held assets of $3.6m against liabilities of $120k, net assets of $3.4m. It reported 2 employees.