Friends of the Cumbres & Toltec is a 501(c)(3) organization based in Albuquerque, New Mexico, registered in 1989, with $738,711 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$739K
▼ 2.7% vs prior year
Arts & Culture median: $159K
Expenses (FY2024)
$745K
Net assets
$2.1M
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Friends of the Cumbres & Toltec— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Friends of the Cumbres & Toltec: 33 mo reserves · -1% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Friends of the Cumbres & Toltec— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Friends of the Cumbres & Toltec: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $564K (FY2013) to $739K (FY2024) across 12 reported years.
Financial snapshot
Operating margin
-0.9%
Spent more than it raised in the latest fiscal year.
Total assets
$2.1M
Total liabilities
$79K
Net assets
$2.1M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $738,711▼2.7% | $745,202▲0.1% | $2,064,014▼0.3% | $2,143,196▼0.4% | 990 |
| 2023 | $759,551▼19.1% | $744,725▲8.0% | $2,070,505▲0.7% | $2,151,757▲2.2% | 990 |
| 2022 | $939,378▲42.1% | $689,764▼12.7% | $2,055,679▲13.8% | $2,105,487▲14.0% | 990 |
| 2021 | $660,870▲21.1% | $790,412▲22.7% | $1,806,065▼6.7% | $1,847,446▼5.7% | 990 |
| 2020 | $545,822▼49.9% | $644,120▲6.3% | $1,935,161▼4.8% | $1,959,657▼5.5% | 990 |
| 2019 | $1,089,364▲39.8% | $606,070▲6.6% | $2,033,735▲31.2% | $2,074,780▲30.4% | 990 |
| 2018 | $779,259▲18.9% | $568,447▼0.7% | $1,550,441▲15.7% | $1,590,818▲15.7% | 990 |
| 2017 | $655,359▼6.1% | $572,198▼0.8% | $1,339,629▲6.6% | $1,375,048▲7.6% | 990 |
| 2016 | $697,761▲23.5% | $576,865▲5.8% | $1,256,468▲10.6% | $1,277,947▲6.5% | 990 |
| 2015 | $564,999▲1.6% | $545,171▼3.2% | $1,135,572▲1.8% | $1,200,211▲6.2% | 990 |
| 2014 | $555,901▼1.4% | $563,392▼4.4% | $1,115,744▼0.7% | $1,130,374▼1.9% | 990 |
| 2013 | $563,951 | $589,610▼27.6% | $1,123,235▼1.5% | $1,152,219▼0.9% | 990 |
| 2012 | — | $813,839▼24.6% | $1,140,161▼16.8% | $1,162,629▼18.8% | 990 |
| 2011 | — | $1,078,933 | $1,370,438 | $1,432,123 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
9 grants to Friends of the Cumbres & Toltec totaling $86K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $19,850 |
| Donor Advised Charitable Giving | Arts, culture & humanities | 2023 | $6,575 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $30,700 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2020 | $6,500 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2020 | $5,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2019 | $10,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2018 | $5,000 |
| National Christian Charitable Foundation | Culture | 2018 | $300 |
| Morgan Stanley Global Impact Funding Trust Inc | General support | 2016 | $2,500 |
Explore more
Data for Friends of the Cumbres & Toltec (EIN 85-0363487) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.