Eldorado Arts And Crafts Association
Eldorado Arts And Crafts Association maintains stable operations with volunteer leadership and modest financial growth.
EIN: 134231628 · Santa Fe, NM · NTEE: A20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $69K |
| Total Expenses | $56K |
| Program Spending | 80% |
| Net Assets | $12K |
| Transparency Score | 85/100 |
Is Eldorado Arts And Crafts Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Eldorado Arts And Crafts Association directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Eldorado Arts And Crafts Association
Eldorado Arts And Crafts Association (EIN: 134231628) is a nonprofit organization based in Santa Fe, NM, classified under NTEE code A20. The organization reported total revenue of $69K and total assets of $22K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eldorado Arts And Crafts Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Eldorado Arts And Crafts Association is a micro nonprofit that has been operating for 23 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $59K |
| Total Expenses | $56K |
| Surplus / Deficit | +$3K |
| Total Assets | $14K |
| Total Liabilities | $2K |
| Net Assets | $12K |
| Operating Margin | 5.4% |
| Debt-to-Asset Ratio | 14.2% |
| Months of Reserves | 2.9 months |
Financial Health Grade: A
In 2023, Eldorado Arts And Crafts Association reported a surplus of $3K with revenue exceeding expenses, holds 2.9 months of operating reserves (limited), has a debt-to-asset ratio of 14.2% (very low leverage).
Financial Trends
Over 7 years of filings (2017–2023), Eldorado Arts And Crafts Association's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +59.2% | +49.1% | +36.3% |
| 2022 | -20.6% | -33.3% | +11.6% |
| 2021 | +265.3% | +218.5% | -51.3% |
| 2020 | -80.4% | -69.4% | -20.8% |
| 2019 | +30.4% | +10.7% | +49.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Eldorado Arts And Crafts Association with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Eldorado Arts And Crafts Association allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 14.2%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all filings, indicating that the organization is run by volunteers and does not allocate any funds to officer salaries, which is highly efficient for an organization of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Eldorado Arts And Crafts Association:
- Consistent 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- Stable financial operations with consistent revenue and expenses over multiple years.
- Low to no liabilities, demonstrating prudent financial management.
- Regular IRS 990 filing history, suggesting good governance and transparency.
- Recent revenue growth from $37,138 in 2022 to $59,134 in 2023.
Frequently Asked Questions about Eldorado Arts And Crafts Association
Is Eldorado Arts And Crafts Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Eldorado Arts And Crafts Association (EIN: 134231628) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Eldorado Arts And Crafts Association spend its money?
Eldorado Arts And Crafts Association directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Eldorado Arts And Crafts Association tax-deductible?
Eldorado Arts And Crafts Association is registered as a tax-exempt nonprofit (EIN: 134231628). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Eldorado Arts And Crafts Association's spending goes to programs?
Eldorado Arts And Crafts Association directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Eldorado Arts And Crafts Association compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Eldorado Arts And Crafts Association is above average for NTEE category A20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Eldorado Arts And Crafts Association located?
Eldorado Arts And Crafts Association is headquartered in Santa Fe, New Mexico and files with the IRS under EIN 134231628. It is classified under NTEE code A20.
How many years of IRS 990 filings does Eldorado Arts And Crafts Association have?
Eldorado Arts And Crafts Association has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $69K in total revenue.
Is Eldorado Arts And Crafts Association a good charity?
Based on the available IRS 990 data, Eldorado Arts And Crafts Association appears to be a well-managed and efficient charity. It consistently reports 0% officer compensation, indicating volunteer leadership, and maintains a stable financial position with consistent revenue and expenses. Its mission alignment with its NTEE code and regular filing history are positive indicators.
How has the organization's revenue trended over the past few years?
The organization's revenue has fluctuated, experiencing a dip to $12,800 in 2020 but recovering to $59,134 in 2023, showing a positive growth trend in recent years from its 2022 revenue of $37,138.
Does Eldorado Arts And Crafts Association have significant liabilities?
No, the organization has historically maintained very low to no liabilities, reporting $0 in several years and only minor amounts of $1,452 in 2022 and $1,944 in 2023, indicating sound financial management.
Filing History
IRS 990 filing history for Eldorado Arts And Crafts Association showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Eldorado Arts And Crafts Association's revenue has grown by 21.8%, moving from $49K to $59K. Total assets decreased by 22.4% over the same period, from $18K to $14K. Total functional expenses rose by 11%, from $50K to $56K. In its most recent filing year (2023), Eldorado Arts And Crafts Association reported a surplus of $3K, with revenue exceeding expenses. The organization holds $2K in liabilities against $14K in assets (debt-to-asset ratio: 14.2%), resulting in net assets of $12K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $59K | $56K | $14K | $2K | — | — |
| 2022 | $37K | $38K | $10K | $1K | — | View 990 |
| 2021 | $47K | $56K | $9K | $0 | — | — |
| 2020 | $13K | $18K | $19K | $0 | — | View 990 |
| 2019 | $65K | $58K | $23K | $0 | — | View 990 |
| 2018 | $50K | $52K | $16K | $0 | — | View 990 |
| 2017 | $49K | $50K | $18K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $59K, expenses of $56K, and assets of $14K (revenue +59.2% year-over-year).
- 2022: Revenue of $37K, expenses of $38K, and assets of $10K (revenue -20.6% year-over-year).
- 2021: Revenue of $47K, expenses of $56K, and assets of $9K (revenue +265.3% year-over-year).
- 2020: Revenue of $13K, expenses of $18K, and assets of $19K (revenue -80.4% year-over-year).
- 2019: Revenue of $65K, expenses of $58K, and assets of $23K (revenue +30.4% year-over-year).
- 2018: Revenue of $50K, expenses of $52K, and assets of $16K (revenue +3.4% year-over-year).
- 2017: Revenue of $49K, expenses of $50K, and assets of $18K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Eldorado Arts And Crafts Association:
Data Sources and Methodology
This transparency report for Eldorado Arts And Crafts Association 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.