Museum of New Mexico Foundation

Analysis

Museum of New Mexico Foundation is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in March 1964, 62 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Museum of New Mexico Foundation reported income of $9.4m and spending of $11.9m, spending 126% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.2m to $9.4m (-7.8%), an average of -2.0% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Museum of New Mexico Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NM. Charities of a similar size with the same main cause include Building Bridges Development Corporation ($9.4m), Ballet Austin Incorporated ($9.5m) and Sun N Fun Fly in Inc ($9.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $258k (2.2% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $47.6m against liabilities of $499k, net assets of $47.1m. It reported 52 employees.