New Mexico Rodeo Association

Analysis

New Mexico Rodeo Association is a registered charity in United States, based in Belen, NM. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, New Mexico Rodeo Association reported income of $95k and spending of $106k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $143k to $95k (-34%), an average of -9.8% a year. The sharpest change came in the year to December 2020, when income dropped by 54%. Over the whole period it spent 103% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, New Mexico Rodeo Association sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 31st percentile within NM. Charities of a similar size with the same main cause include Teen Venture ($95k), Bainbridge Roots Basketball a Nonprofit Organization ($95k) and Webster Travel Baseball ($95k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.