New Mexico Art League Inc

Analysis

New Mexico Art League Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in January 1992, 34 years ago. 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, New Mexico Art League Inc reported income of $400k and spending of $214k, leaving 47% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $210k to $400k (+91%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Mexico Art League Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 64th percentile within NM. Charities of a similar size with the same main cause include New Hampshire East Youth Hockey ($400k), American Ukrainian Youth Association of Palatine ($400k) and Kentucky Christian Senior Housing Inc ($400k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $68k (32% of expenses). Other salaries and wages came to $2,112. At year end it held assets of $436k against liabilities of $0, net assets of $436k. It reported 2 employees.