Southwestern New Mexico State Fair Inc

Analysis

Southwestern New Mexico State Fair Inc is a registered charity in United States, based in Deming, NM. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southwestern New Mexico State Fair Inc reported income of $451k and spending of $463k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $323k to $451k (+39%), an average of +8.7% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Southwestern New Mexico State Fair Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within NM. Charities of a similar size with the same main cause include Montgomery Boat Club Inc ($451k), The Columbus Chill Youth Hockey Association Inc ($451k) and Soccer Alaska Inc ($451k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 17% of the total. At year end it held assets of $415k against liabilities of $0, net assets of $415k.