McCurdy School of Northern New Mexico

Analysis

McCurdy School of Northern New Mexico is a registered charity in United States, based in Espanola, NM. It received its IRS tax-exemption ruling in December 1954, 72 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, McCurdy School of Northern New Mexico reported income of $933k and spending of $1.3m, spending 135% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $1.2m to $933k (-23%), an average of -6.3% a year. The sharpest change came in the year to July 2023, when income dropped by 21%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, McCurdy School of Northern New Mexico sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within NM. Charities of a similar size with the same main cause include Friends of the Pima County Public Library Inc ($932k), Cabrini Housing Development Fund Corporation ($933k) and First Way Pregnancy Center ($932k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 62% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $56k (4.4% of expenses). Other salaries and wages came to $737k. At year end it held assets of $1.5m against liabilities of $221k, net assets of $1.3m. It reported 31 employees.