Northeastern New Mexico Educational Foundation Inc

Analysis

Northeastern New Mexico Educational Foundation Inc is a registered charity in United States, based in Raton, NM. It received its IRS tax-exemption ruling in February 1998, 28 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 December 2023, Northeastern New Mexico Educational Foundation Inc reported income of $175k and spending of $171k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $213k to $175k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Northeastern New Mexico Educational Foundation Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within NM. Charities of a similar size with the same main cause include Frontier Community Access Television ($175k), Greater Anderson Musical Arts Consortium ($175k) and Casa de LA Cultura Tlanese ($175k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.1% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $40k (23% of expenses). Other salaries and wages came to $65k. At year end it held assets of $52k against liabilities of $832, net assets of $51k. It reported 9 employees.