New Mexico Music Educators Association

Analysis

New Mexico Music Educators Association is a registered charity in United States, based in Silver City, NM. It received its IRS tax-exemption ruling in July 1979, 47 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, New Mexico Music Educators Association reported income of $346k and spending of $354k, spending 102% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $326k to $346k (+6.2%), an average of +1.5% a year. The sharpest change came in the year to July 2022, when income rose by 113%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Mexico Music Educators Association sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within NM. Charities of a similar size with the same main cause include Whiffenpoofs of Yale University Inc ($346k), Seattle Fishermen S Memorial ($346k) and The Working Group ($346k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $33k (9.2% of expenses). At year end it held assets of $458k against liabilities of $0, net assets of $458k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.