First Serve - NM Inc

Analysis

First Serve - NM Inc is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, First Serve - NM Inc reported income of $8.4m and spending of $623k, leaving 93% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $580k to $8.4m (+1349%), an average of +95% a year. The sharpest change came in the year to December 2021, when income rose by 504%. Over the whole period it spent 14% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, First Serve - NM Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within NM. Charities of a similar size with the same main cause include Santa Barbara Bowl Foundation ($8.4m), Santa Clara County Fair Grounds Management Corporation Inc ($8.4m) and Steamboat Health & Recreation Association ($8.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $13.7m against liabilities of $10k, net assets of $13.6m.