Downtown Taos
EIN: 834244084 · Taos, NM · NTEE: S31
| Metric | Value |
|---|---|
| Total Revenue | $231K |
| Total Expenses | $84K |
| Net Assets | $-27,071 |
Is Downtown Taos Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Downtown Taos
Downtown Taos (EIN: 834244084) is a nonprofit organization based in Taos, NM, classified under NTEE code S31. The organization reported total revenue of $231K and total assets of $9K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Downtown Taos's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Downtown Taos is a small nonprofit that has been operating for 7 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -22.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $67K |
| Total Expenses | $84K |
| Surplus / Deficit | $-17,451 |
| Total Assets | $3K |
| Total Liabilities | $31K |
| Net Assets | $-27,071 |
| Operating Margin | -26.0% |
| Debt-to-Asset Ratio | 888.3% |
| Months of Reserves | 0.5 months |
Financial Health Grade: D
In 2023, Downtown Taos reported a deficit of $17K with expenses exceeding revenue, holds 0.5 months of operating reserves (limited), has a debt-to-asset ratio of 888.3% (high leverage).
Financial Trends
Over 3 years of filings (2021–2023), Downtown Taos's revenue has declined at a compound annual growth rate (CAGR) of -22.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +39.1% | +31.0% | -83.3% |
| 2022 | -56.6% | -38.1% | -38.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Downtown Taos has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Downtown Taos with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $17K, with expenses exceeding revenue.
- Debt-to-asset ratio: 888.3%.
Frequently Asked Questions about Downtown Taos
Is Downtown Taos a legitimate charity?
Based on AI analysis of IRS 990 filings, Downtown Taos (EIN: 834244084) insufficient data. 0 red flags identified, 0 strengths noted.
How does Downtown Taos spend its money?
Detailed spending breakdown data is not yet available for Downtown Taos. Check back for updated IRS 990 analysis.
Are donations to Downtown Taos tax-deductible?
Downtown Taos is registered as a tax-exempt nonprofit (EIN: 834244084). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Downtown Taos located?
Downtown Taos is headquartered in Taos, New Mexico and files with the IRS under EIN 834244084. It is classified under NTEE code S31.
How many years of IRS 990 filings does Downtown Taos have?
Downtown Taos has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $231K in total revenue.
Filing History
IRS 990 filing history for Downtown Taos showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Downtown Taos's revenue has declined by 39.6%, moving from $111K to $67K. Total assets decreased by 89.8% over the same period, from $34K to $3K. Total functional expenses fell by 19%, from $104K to $84K. In its most recent filing year (2023), Downtown Taos reported a deficit of $17K, with expenses exceeding revenue. The organization holds $31K in liabilities against $3K in assets (debt-to-asset ratio: 888.3%), resulting in net assets of $-27,071.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $67K | $84K | $3K | $31K | — | View 990 |
| 2022 | $48K | $65K | $21K | $30K | — | View 990 |
| 2021 | $111K | $104K | $34K | $27K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $67K, expenses of $84K, and assets of $3K (revenue +39.1% year-over-year).
- 2022: Revenue of $48K, expenses of $65K, and assets of $21K (revenue -56.6% year-over-year).
- 2021: Revenue of $111K, expenses of $104K, and assets of $34K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Downtown Taos:
Data Sources and Methodology
This transparency report for Downtown Taos is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.