Northwest New Mexico Arts Council

Analysis

Northwest New Mexico Arts Council is a registered charity in United States, based in Farmington, NM. It received its IRS tax-exemption ruling in October 1990, 36 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 August 2024, Northwest New Mexico Arts Council reported income of $170k and spending of $173k, spending 102% of its income. Across the 3 years on record, from August 2022 to August 2024, income grew from $61k to $170k (+177%), an average of +66% a year. The sharpest change came in the year to August 2023, when income rose by 96%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northwest New Mexico Arts Council sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within NM. Charities of a similar size with the same main cause include Japanese Language School of Cleveland ($170k), Washington Youth Baseball Inc ($170k) and St Augustine Yacht Club Foundation Inc ($170k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 96% and program service revenue 1.2% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.