Chama Valley Arts

Analysis

Chama Valley Arts is a registered charity in United States, based in Chama, NM. It received its IRS tax-exemption ruling in March 2022, 4 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, Chama Valley Arts reported income of $175k and spending of $96k, leaving 45% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $18k to $175k (+896%), an average of +896% a year. The sharpest change came in the year to December 2023, when income rose by 896%. Over the whole period it spent 54% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chama Valley Arts sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within NM. Charities of a similar size with the same main cause include Connecticut Virtuosi Chamber Orchestra Inc ($175k), Api Initiative Inc ($175k) and California History Center Foundation ($175k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. At year end it held assets of $144k against liabilities of $1,425, net assets of $143k.