New Mexico Performing Arts Society

Analysis

New Mexico Performing Arts Society is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in June 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 2024, New Mexico Performing Arts Society reported income of $109k and spending of $106k, spending 97% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $152k to $109k (-29%), an average of -29% a year. The sharpest change came in the year to June 2024, when income dropped by 29%. Over the whole period it spent 95% 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 Performing Arts Society sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 35th percentile within NM. Charities of a similar size with the same main cause include North Carolina Brass Band ($109k), Arching Oaks Art and Culture Center Inc ($109k) and Iman Media Group Inc ($109k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 75% and program service revenue 25% of the total. At year end it held assets of $49k against liabilities of $0, net assets of $49k.