Nuevo Mexico Profundo

Analysis

Nuevo Mexico Profundo is a registered charity in United States, based in Chamisal, NM. It received its IRS tax-exemption ruling in July 2022, 4 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, Nuevo Mexico Profundo reported income of $200k and spending of $107k, leaving 46% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $23k to $200k (+778%), an average of +106% a year. The sharpest change came in the year to December 2022, when income rose by 1315%. Over the whole period it spent 60% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nuevo Mexico Profundo sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within NM. Charities of a similar size with the same main cause include Northern Ohio Childrens Performing Music Foundation Inc ($200k), Acting Naturally ($200k) and Hawthorne Caballeros Drum & Bugle Corps ($200k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.7% of the total. At year end it held assets of $109k against liabilities of $0, net assets of $109k.