Deming Luna County Economic

Analysis

Deming Luna County Economic is a registered charity in United States, based in Deming, NM. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Deming Luna County Economic reported income of $343k and spending of $341k, spending 99% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $256k to $343k (+34%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 8240%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Deming Luna County Economic sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within NM. Charities of a similar size with the same main cause include Kern & Northern LA Counties ($343k), Troy Christian Athletic Boosters ($344k) and Eakin Care Program Inc ($343k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.7% of the total. At year end it held assets of $28k against liabilities of $0, net assets of $28k.