Taos Youth Music School
EIN: 260352422 · Taos, NM · NTEE: A68
| Metric | Value |
|---|---|
| Total Expenses | $59K |
| Net Assets | $51K |
Is Taos Youth Music School Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Taos Youth Music School
Taos Youth Music School (EIN: 260352422) is a nonprofit organization based in Taos, NM, classified under NTEE code A68. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Taos Youth Music School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Taos Youth Music School is a micro nonprofit that has been operating for 18 years, with 2 years of IRS 990 filings on record (2015–2016). Revenue has grown at a compound annual rate of -32.4%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $57K |
| Total Expenses | $59K |
| Surplus / Deficit | $-1,619 |
| Total Assets | $54K |
| Total Liabilities | $3K |
| Net Assets | $51K |
| Operating Margin | -2.8% |
| Debt-to-Asset Ratio | 5.2% |
| Months of Reserves | 11.1 months |
Financial Health Grade: B
In 2016, Taos Youth Music School reported a deficit of $2K with expenses exceeding revenue, holds 11.1 months of operating reserves (strong position), has a debt-to-asset ratio of 5.2% (very low leverage).
Financial Trends
Over 2 years of filings (2015–2016), Taos Youth Music School's revenue has declined at a compound annual growth rate (CAGR) of -32.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -32.4% | +36.1% | -2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Taos Youth Music School 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 Youth Music School 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 (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.2%.
Frequently Asked Questions about Taos Youth Music School
Is Taos Youth Music School a legitimate charity?
Taos Youth Music School (EIN: 260352422) is a registered tax-exempt nonprofit based in New Mexico. It has 2 years of IRS 990 filings on record. No red flags identified. Financial health grade: B.
How does Taos Youth Music School spend its money?
Taos Youth Music School reported its financials in IRS 990 filings. 2 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Taos Youth Music School tax-deductible?
Taos Youth Music School is registered as a tax-exempt nonprofit (EIN: 260352422). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Taos Youth Music School located?
Taos Youth Music School is headquartered in Taos, New Mexico and files with the IRS under EIN 260352422. It is classified under NTEE code A68.
How many years of IRS 990 filings does Taos Youth Music School have?
Taos Youth Music School has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for Taos Youth Music School showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2015–2016), Taos Youth Music School's revenue has declined by 32.4%, moving from $84K to $57K. Total assets decreased by 2.1% over the same period, from $55K to $54K. Total functional expenses rose by 36.1%, from $43K to $59K. In its most recent filing year (2016), Taos Youth Music School reported a deficit of $2K, with expenses exceeding revenue. The organization holds $3K in liabilities against $54K in assets (debt-to-asset ratio: 5.2%), resulting in net assets of $51K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $57K | $59K | $54K | $3K | — | View 990 |
| 2015 | $84K | $43K | $55K | $2K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Taos Youth Music School:
Data Sources and Methodology
This transparency report for Taos Youth Music School 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.