New Mexico Fiber Arts Center
EIN: 850442395 · Espanola, NM · NTEE: A400
Is New Mexico Fiber Arts Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New Mexico Fiber Arts Center
New Mexico Fiber Arts Center (EIN: 850442395) is a nonprofit organization based in Espanola, NM, classified under NTEE code A400. The organization reported total revenue of $275K and total assets of $289K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Mexico Fiber Arts Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for New Mexico Fiber Arts Center has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New Mexico Fiber Arts Center with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Frequently Asked Questions about New Mexico Fiber Arts Center
Is New Mexico Fiber Arts Center a legitimate charity?
Based on AI analysis of IRS 990 filings, New Mexico Fiber Arts Center (EIN: 850442395) insufficient data. 0 red flags identified, 0 strengths noted.
How does New Mexico Fiber Arts Center spend its money?
Detailed spending breakdown data is not yet available for New Mexico Fiber Arts Center. Check back for updated IRS 990 analysis.
Are donations to New Mexico Fiber Arts Center tax-deductible?
New Mexico Fiber Arts Center is registered as a tax-exempt nonprofit (EIN: 850442395). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for New Mexico Fiber Arts Center showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), New Mexico Fiber Arts Center's revenue has declined by 29.6%, moving from $180K to $126K. Total assets decreased by 14.4% over the same period, from $418K to $358K. Total functional expenses fell by 7.1%, from $165K to $154K. In its most recent filing year (2023), New Mexico Fiber Arts Center reported a deficit of $27K, with expenses exceeding revenue. The organization holds $336 in liabilities against $358K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $357K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $126K | $154K | $358K | $336 | — | View 990 |
| 2022 | $-432 | $115K | $384K | $762 | — | View 990 |
| 2021 | $187K | $141K | $499K | $0 | — | — |
| 2019 | $0 | $20K | $305K | $0 | — | View 990 |
| 2018 | $399K | $446K | $409K | $70K | — | View 990 |
| 2017 | $345K | $410K | $398K | $38K | — | View 990 |
| 2016 | $317K | $322K | $433K | $9K | — | View 990 |
| 2015 | $329K | $316K | $443K | $14K | — | View 990 |
| 2014 | $234K | $228K | $422K | $6K | — | View 990 |
| 2013 | $214K | $166K | $425K | $14K | — | View 990 |
| 2012 | $238K | $275K | $382K | $19K | — | View 990 |
| 2011 | $180K | $165K | $418K | $18K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $126K, expenses of $154K, and assets of $358K.
- 2022: Revenue of $-432, expenses of $115K, and assets of $384K (revenue -100.2% year-over-year).
- 2021: Revenue of $187K, expenses of $141K, and assets of $499K.
- 2019: Revenue of $0, expenses of $20K, and assets of $305K (revenue -100.0% year-over-year).
- 2018: Revenue of $399K, expenses of $446K, and assets of $409K (revenue +15.5% year-over-year).
- 2017: Revenue of $345K, expenses of $410K, and assets of $398K (revenue +8.8% year-over-year).
- 2016: Revenue of $317K, expenses of $322K, and assets of $433K (revenue -3.4% year-over-year).
- 2015: Revenue of $329K, expenses of $316K, and assets of $443K (revenue +40.5% year-over-year).
- 2014: Revenue of $234K, expenses of $228K, and assets of $422K (revenue +9.1% year-over-year).
- 2013: Revenue of $214K, expenses of $166K, and assets of $425K (revenue -9.8% year-over-year).
- 2012: Revenue of $238K, expenses of $275K, and assets of $382K (revenue +32.2% year-over-year).
- 2011: Revenue of $180K, expenses of $165K, and assets of $418K.
Data Sources and Methodology
This transparency report for New Mexico Fiber Arts Center is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.