Ensemble Music New Mexico

Analysis

Ensemble Music New Mexico is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in August 2003, 23 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 August 2023, Ensemble Music New Mexico reported income of $502k and spending of $514k, spending 102% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $348k to $502k (+44%), an average of +9.6% a year. The sharpest change came in the year to August 2022, when income rose by 34%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ensemble Music New Mexico sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within NM. Charities of a similar size with the same main cause include Friends of Music Hall ($502k), The Music Education Group Inc ($503k) and Security Bsides Las Vegas Inc ($502k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 50% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $23k (4.5% of expenses). Other salaries and wages came to $122k. At year end it held assets of $1.1m against liabilities of $515k, net assets of $621k. It reported 4 employees.