Wise Fool New Mexico

Analysis

Wise Fool New Mexico is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in October 2000, 26 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 December 2023, Wise Fool New Mexico reported income of $474k and spending of $562k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $463k to $474k (+2.4%), an average of +0.6% a year. The sharpest change came in the year to December 2020, when income dropped by 31%. 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, Wise Fool New Mexico sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within NM. Charities of a similar size with the same main cause include Allied Arts Council of St Joseph Mo ($473k), Arts Hub ($474k) and East European Folklife Center Inc ($473k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Other salaries and wages came to $329k. At year end it held assets of $61k against liabilities of $56k, net assets of $5,313. It reported 36 employees.

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.