New Mexico Advocates for the Arts Inc

Analysis

New Mexico Advocates for the Arts Inc is a registered charity in United States, based in Las Cruces, NM. It received its IRS tax-exemption ruling in February 2014, 12 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New Mexico Advocates for the Arts Inc reported income of $255k and spending of $280k, spending 110% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $260k to $255k (-1.8%), an average of -1.8% a year. Over the whole period it spent 102% 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 Advocates for the Arts Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NM. Charities of a similar size with the same main cause include Ecoarts of Lake County ($255k), Bass Fishing Hall of Fame Inc ($255k) and Florida Supreme Court Historical Society Inc ($255k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $15k (5.5% of expenses). Other salaries and wages came to $84k. At year end it held assets of $28k against liabilities of $4,598, net assets of $23k. It reported 4 employees.