New Mexico High School Rodeo Association

Analysis

New Mexico High School Rodeo Association is a registered charity in United States, based in Portales, NM. It received its IRS tax-exemption ruling in February 1998, 28 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 August 2023, New Mexico High School Rodeo Association reported income of $563k and spending of $559k, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $442k to $563k (+27%), an average of +6.2% a year. The sharpest change came in the year to August 2021, when income rose by 80%. Over the whole period it spent 94% 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 High School Rodeo Association sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within NM. Charities of a similar size with the same main cause include Recreation and Fitness Resources Inc ($563k), North Palm Beach Rowing Club Inc Aflorida Not for Profit Corp ($564k) and Rockford Area Athletic Association ($563k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $247k against liabilities of $0, net assets of $247k.