New Mexico Philharmonic Foundation Inc

Analysis

New Mexico Philharmonic Foundation Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in January 2018, 8 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 supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Mexico Philharmonic Foundation Inc reported income of $539k and spending of $77k, leaving 86% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $168k to $539k (+221%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 1010%. Over the whole period it spent 7.3% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Mexico Philharmonic Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within NM. Charities of a similar size with the same main cause include Lyric Theatre and Cultural Arts Center ($539k), Morgan Park and Beverly Handicapped ($539k) and Big Dance Theater Inc ($539k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% of the total. At year end it held assets of $2.3m against liabilities of $0, net assets of $2.3m.