Northern New Mexico Air Alliance

Analysis

Northern New Mexico Air Alliance is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Northern New Mexico Air Alliance reported income of $109k and spending of $194k, spending 178% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $208k to $109k (-48%), an average of -15% a year. The sharpest change came in the year to December 2021, when income dropped by 46%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Northern New Mexico Air Alliance sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 35th percentile within NM. Charities of a similar size with the same main cause include Point B Design and Training ($109k), Huntley Festival Foundation Inc - NFP ($109k) and South of Downtown Orlando Main Street ($109k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $6,726 against liabilities of $0, net assets of $6,726.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.