New Mexico Ballet Company

Analysis

New Mexico Ballet Company is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, New Mexico Ballet Company reported income of $978k and spending of $765k, leaving 22% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $528k to $978k (+85%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 354%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Mexico Ballet Company sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within NM. Charities of a similar size with the same main cause include Epoch Media Bay Area ($978k), The Organization for Transformative Works Inc ($979k) and Gloucester Stage Co Inc ($978k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 8.3% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $25k (3.3% of expenses). Other salaries and wages came to $27k. At year end it held assets of $1.4m against liabilities of $396k, net assets of $1.0m. It reported 2 employees.