New Mexico · Nonprofit
516 Arts
516 Arts (New Mexico) receives grants from 26 organizations whose IRS filings report $3,535,404 to it, the largest being MARSHALL L AND PERRINE D MCCUNE CHARITABLE FOUNDATION INC ($1,180,000). 17 of them have funded it in more than one year.
- Revenue FY2025
- $496k
- Funders on record
- 26
- Grants received
- $3.5M
- Net assets
- $997k
What 516 Arts does
Mission
516 ARTS is a non-collecting contemporary art museum in Albuquerque, New Mexico that celebrates thought-provoking art in the here and now. At the core of its mission, 516 ARTS seeks to connect contemporary artists and diverse audiences. Through exhibitions and public programs that feature a mix of local, national, and international artists, 516 ARTS offers programs that inspire curiosity, dialogue, and creative experimentation.
As stated on its FY2025 Form 990.
Programs
Exhibitions and Public ProgramsIn 2025, 516 ARTS presented a series of contemporary art exhibitions and over 45 public programs, including artist talks, panel discussions, performances, highlighting our continued collaborative approach. Our programming emphasized underrepresented voices and community-driven dialogue, reaching over 8,000 people in person and over 10,000 through digital and broadcast media. Admissions to the exhibitions are free to remain accessible.
$307,383 spent$1,590 earned by the program79% of program spendingFulcrum FundThe Fulcrum Fund, part of the Andy Warhol Foundations Regional Regranting Program, awarded $60,000 in direct grants to New Mexico-based artists for independent, public-facing projects. The process included an open call and a panel of national guest jurors. The program continues to support experimental, risk-taking practices outside traditional institutions.
$70,729 spentof which $60,100 as grants18% of program spendingYouth Education516 ARTS expanded its youth education programs in 2024, serving over 750 students through in-school workshops, exhibition tours, youth-led art projects, youth exhibitions, and our 516 BRIDGES peer-to-peer program. This included partnerships with APS Title I schools and community groups to ensure inclusive, arts-based learning experiences focused on identity, place, and creative expression.
$12,181 spent3% of program spending
The 3 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $390,293.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $228k to $1.4M (+520%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 2% · 2018 19% · 2019 27% · 2020 4% · 2021 28% · 2022 14% · 2023 14% · 2024 29% · 2025 28%. Grants only. Government contracts and fees sit inside program revenue.
99% of 516 Arts’s revenue is contributions — more reliant on donations than three-quarters of its peers (64% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Jon VanGaasbeek
Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 4 funders to 11 funders, grant income rose $71k → $441k.
5 of 26 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 18% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of 516 Arts’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
516 Arts leans on a few funders — its largest provides 33% of grant income and the top three 69%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
Largest funder’s share by year: 2017 71% · 2018 55% · 2019 55% · 2020 80% · 2021 29% · 2022 36% · 2023 34% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
67% of 516 Arts's funders are still giving 3 years after their first grant; 65% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
54% of 516 Arts's grant income comes from New Mexico funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $643k arriving through sponsors registered in 5 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
516 Arts's funding base is broadening — from 4 funders to 11 as grant income climbed.
this organization peer median middle 50% of peers· 12,262 arts & culture nonprofits $100k–$1M, FY2025
Government funding 516 Arts receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $275k on record.
- National Endowment for the Arts$275k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like 516 Arts
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In New Mexico
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
59% of spending goes to programs.
Governance
Public support
56%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for 516 Arts: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds 516 Arts?
- 516 Arts (New Mexico) receives grants from 26 organizations whose IRS filings report $3,535,404 to it, the largest being MARSHALL L AND PERRINE D MCCUNE CHARITABLE FOUNDATION INC ($1,180,000). 17 of them have funded it in more than one year.
- How many funders does 516 Arts have?
- IRS filings report 26 organizations giving $3,535,404 in grants to 516 Arts, 17 of which have funded it in more than one year.
- Who is the largest funder of 516 Arts?
- MARSHALL L AND PERRINE D MCCUNE CHARITABLE FOUNDATION INC is the largest funder on record, with $1,180,000 in grants. The full list of funders is on this page.
- How can an organization like 516 Arts find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New Mexico. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 26 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing