Southern New Mexico Radio Foundation

Analysis

Southern New Mexico Radio Foundation is a registered charity in United States, based in Alamogordo, NM. It received its IRS tax-exemption ruling in July 2021, 5 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 organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southern New Mexico Radio Foundation reported income of $57k and spending of $61k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $77k to $57k (-25%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Southern New Mexico Radio Foundation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 18th percentile within NM. Charities of a similar size with the same main cause include Kingsville Symphony Orchestra Society ($57k), Smooth Jazz for Scholars Inc ($57k) and Colleton County Historial & Preservation Society ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $8,121 against liabilities of $0, net assets of $8,121.