Eastern New Mexico University-Ruidoso Foundation Inc

Analysis

Eastern New Mexico University-Ruidoso Foundation Inc is a registered charity in United States, based in Ruidoso, NM. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Eastern New Mexico University-Ruidoso Foundation Inc reported income of $61k and spending of $83k, spending 136% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $131k to $61k (-53%), an average of -32% a year. The sharpest change came in the year to June 2023, when income dropped by 71%. Over the whole period it spent 40% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Eastern New Mexico University-Ruidoso Foundation Inc sits at the 27th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 20th percentile within NM. Charities of a similar size with the same main cause include PTA New Jersey Congress of Parents & Teachers ($61k), Harry Cashin Memorial Scholaship Fund Inc ($61k) and Minster Band Boosters ($61k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% of the total. At year end it held assets of $713k against liabilities of $27k, net assets of $686k.