Northern New Mexico Regional Art Center

Analysis

Northern New Mexico Regional Art Center is a registered charity in United States, based in Santa Cruz, NM. It received its IRS tax-exemption ruling in July 2023, 3 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, Northern New Mexico Regional Art Center reported income of $90k and spending of $91k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $76k to $90k (+17%), an average of +4.1% a year. The sharpest change came in the year to June 2021, when income rose by 53%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Northern New Mexico Regional Art Center sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 30th percentile within NM. Charities of a similar size with the same main cause include Portsmouth Murals Inc ($90k), Peacepathways ($90k) and Inversion Ensemble Inc ($90k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 76% of the total. At year end it held assets of $15k against liabilities of $1,165, net assets of $14k.