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Filing year 2024

516 Arts

Albuquerque, New Mexico·EIN 20-8540744·NTEE A51 · Arts, Culture & Humanities·501(c)(3)
Total revenue
$384k
Total assets
$1.4M
Total expenses
$728k
Reported officers
10
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.

Executive compensation

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at Arts, Culture & Humanities organizations in New Mexico.

President/ed
75th to 90th percentile
$91k
$97k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the West region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 9 unpaid individuals.

Browse compensation in Arts, Culture & Humanities

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at 516 Arts equaled 13% of the organization's total expenses. The median for arts, culture & humanities organizations is 11%.

This organization (2024)
13%
Sector median
11%
Middle half of sector
5% to 20%

Based on 17,098 arts, culture & humanities organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 4%
from 2023

From $88k in 2023 to $91k in 2024.

$88k
2023
$91k
2024
In today's dollarsEst.
Up 1% in real terms$96k to $97k

Estimated with BLS CPI-U for the West region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about 516 Arts

What does the Chief Executive Officer of 516 Arts earn?

In 2024, the Chief Executive Officer of 516 Arts received $91,220 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among Arts, Culture & Humanities organizations in New Mexico, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at 516 Arts compare with similar nonprofits?

Compared with the same role at Arts, Culture & Humanities organizations in New Mexico, the 2024 pay of the Chief Executive Officer at 516 Arts falls between the 75th and 90th percentiles. In 2024, the highest total compensation at 516 Arts equaled 13% of the organization's total expenses. The median for arts, culture & humanities organizations is 11%.

What are 516 Arts's revenue and expenses?

In 2024, 516 Arts reported $384k in total revenue and $728k in total expenses on its IRS Form 990.

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