Taos Arts Council
EIN: 464078985 · Taos, NM · NTEE: Z99
| Metric | Value |
|---|---|
| Total Revenue | $54K |
| Total Expenses | $95K |
| Net Assets | $12K |
Is Taos Arts Council Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Taos Arts Council
Taos Arts Council (EIN: 464078985) is a nonprofit organization based in Taos, NM, classified under NTEE code Z99. The organization reported total revenue of $54K and total assets of $41K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Taos Arts Council's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Taos Arts Council is a micro nonprofit that has been operating for 12 years, with 4 years of IRS 990 filings on record (2021–2024). Revenue has grown at a compound annual rate of 34.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $99K |
| Total Expenses | $95K |
| Surplus / Deficit | +$4K |
| Total Assets | $28K |
| Total Liabilities | $16K |
| Net Assets | $12K |
| Operating Margin | 4.4% |
| Debt-to-Asset Ratio | 56.1% |
| Months of Reserves | 3.5 months |
Financial Health Grade: A
In 2024, Taos Arts Council reported a surplus of $4K with revenue exceeding expenses, holds 3.5 months of operating reserves (adequate), has a debt-to-asset ratio of 56.1% (high leverage).
Financial Trends
Over 4 years of filings (2021–2024), Taos Arts Council's revenue has grown at a compound annual growth rate (CAGR) of 34.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +257.4% | +156.1% | +143.8% |
| 2023 | -18.8% | +78.1% | -57.2% |
| 2022 | -15.4% | -54.8% | +144.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Taos Arts Council 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 Taos Arts Council 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4K, with revenue exceeding expenses.
- Debt-to-asset ratio: 56.1%.
Frequently Asked Questions about Taos Arts Council
Is Taos Arts Council a legitimate charity?
Based on AI analysis of IRS 990 filings, Taos Arts Council (EIN: 464078985) insufficient data. 0 red flags identified, 0 strengths noted.
How does Taos Arts Council spend its money?
Detailed spending breakdown data is not yet available for Taos Arts Council. Check back for updated IRS 990 analysis.
Are donations to Taos Arts Council tax-deductible?
Taos Arts Council is registered as a tax-exempt nonprofit (EIN: 464078985). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Taos Arts Council located?
Taos Arts Council is headquartered in Taos, New Mexico and files with the IRS under EIN 464078985. It is classified under NTEE code Z99.
How many years of IRS 990 filings does Taos Arts Council have?
Taos Arts Council has 4 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 $54K in total revenue.
Filing History
IRS 990 filing history for Taos Arts Council showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2021–2024), Taos Arts Council's revenue has grown by 145.7%, moving from $40K to $99K. Total assets increased by 154.9% over the same period, from $11K to $28K. Total functional expenses rose by 106%, from $46K to $95K. In its most recent filing year (2024), Taos Arts Council reported a surplus of $4K, with revenue exceeding expenses. The organization holds $16K in liabilities against $28K in assets (debt-to-asset ratio: 56.1%), resulting in net assets of $12K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $99K | $95K | $28K | $16K | — | — |
| 2023 | $28K | $37K | $11K | $4K | — | View 990 |
| 2022 | $34K | $21K | $27K | $10K | — | — |
| 2021 | $40K | $46K | $11K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $99K, expenses of $95K, and assets of $28K (revenue +257.4% year-over-year).
- 2023: Revenue of $28K, expenses of $37K, and assets of $11K (revenue -18.8% year-over-year).
- 2022: Revenue of $34K, expenses of $21K, and assets of $27K (revenue -15.4% year-over-year).
- 2021: Revenue of $40K, expenses of $46K, and assets of $11K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Taos Arts Council:
Data Sources and Methodology
This transparency report for Taos Arts Council 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.