Northern Rio Grande National Heritage Area Inc

Analysis

Northern Rio Grande National Heritage Area Inc is a registered charity in United States, based in Espanola, NM. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2023, Northern Rio Grande National Heritage Area Inc reported income of $591k and spending of $566k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $318k to $591k (+86%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 81%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Northern Rio Grande National Heritage Area Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within NM. Charities of a similar size with the same main cause include Mansfield Innovative Anddevelopmental Services Inc ($591k), Re Work Richmond Inc ($591k) and Southernmost Illinois Delta Empowerment Zone ($591k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $78k (14% of expenses). Other salaries and wages came to $167k. At year end it held assets of $344k against liabilities of $71k, net assets of $273k. It reported 7 employees.