New Mexico Symphonic Chorus

Analysis

New Mexico Symphonic Chorus is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in June 2011, 15 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, New Mexico Symphonic Chorus reported income of $236k and spending of $239k, spending 101% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $215k to $236k (+9.6%), an average of +1.8% a year. The sharpest change came in the year to June 2024, when income rose by 58%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, New Mexico Symphonic Chorus sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within NM. Charities of a similar size with the same main cause include Neodesha Community Foundation ($236k), Indiana State Council Knights of Columbus Charity Fund Inc ($236k) and Theater Collaborative of South Jersey ($236k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $38k (16% of expenses). Other salaries and wages came to $41k. At year end it held assets of $115k against liabilities of $1,612, net assets of $113k. It reported 5 employees.