New Mexico Film Foundation

Analysis

New Mexico Film Foundation is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in December 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 (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, New Mexico Film Foundation reported income of $65k and spending of $82k, spending 126% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $296k to $65k (-78%), an average of -78% a year. The sharpest change came in the year to June 2023, when income dropped by 78%. Over the whole period it spent 108% 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 Film Foundation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 21st percentile within NM. Charities of a similar size with the same main cause include Art Alliance of Idyllwild ($65k), Valley Light Opera Inc ($65k) and North Country Community Theatre Inc ($65k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.9% of the total. At year end it held assets of $33k against liabilities of $0, net assets of $33k.