National Dance Institute New Mexico Inc

Analysis

National Dance Institute New Mexico Inc is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in January 1996, 30 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 (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 2023, National Dance Institute New Mexico Inc reported income of $6.2m and spending of $7.4m, spending 119% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $8.8m to $6.2m (-29%), an average of -8.4% a year. The sharpest change came in the year to August 2021, when income rose by 115%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Dance Institute New Mexico Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within NM. Charities of a similar size with the same main cause include Vancouver National Historic Reserve Trust ($6.2m), Swiss Institute ($6.2m) and Ellen Noel Art Museum of the Permian Basin ($6.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 46% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $619k (8.3% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $52.1m against liabilities of $628k, net assets of $51.5m. It reported 160 employees.