New Mexico Endowment for the Humanities

Analysis

New Mexico Endowment for the Humanities is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in May 1977, 49 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 October 2023, New Mexico Endowment for the Humanities reported income of $1.1m and spending of $1.1m, spending 99% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $888k to $1.1m (+26%), an average of +5.9% a year. The sharpest change came in the year to October 2022, when income rose by 98%. 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, New Mexico Endowment for the Humanities sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within NM. Charities of a similar size with the same main cause include Edison Foundation ($1.1m), New Hope Crisis Center of Box Elder County ($1.1m) and Missouri Community Improvement Industries Inc ($1.1m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 98% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $101k (9.2% of expenses). Other salaries and wages came to $332k. At year end it held assets of $984k against liabilities of $190k, net assets of $793k. It reported 6 employees.