Southeastern New Mexico Economic Development District

Analysis

Southeastern New Mexico Economic Development District is a registered charity in United States, based in Roswell, NM. It received its IRS tax-exemption ruling in October 1983, 43 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 June 2023, Southeastern New Mexico Economic Development District reported income of $663k and spending of $808k, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $486k to $663k (+36%), an average of +8.1% a year. The sharpest change came in the year to June 2021, when income rose by 43%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southeastern New Mexico Economic Development District sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within NM. Charities of a similar size with the same main cause include Winslow House Inc ($663k), Hawaii Polo School and Training Foundation ($663k) and N K C a Baseball League ($663k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $102k (13% of expenses). Other salaries and wages came to $186k. At year end it held assets of $391k against liabilities of $595k, net assets of -$204k. It reported 5 employees.