New Mexico Music Commission Foundation
EIN: 900538104 · Santa Fe, NM · NTEE: A12
| Metric | Value |
|---|---|
| Total Expenses | $41K |
| Net Assets | $-9,526 |
Is New Mexico Music Commission Foundation 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 Music Commission Foundation
New Mexico Music Commission Foundation (EIN: 900538104) is a nonprofit organization based in Santa Fe, NM, classified under NTEE code A12. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Mexico Music Commission Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Mexico Music Commission Foundation is a micro nonprofit that has been operating for 9 years, with 9 years of IRS 990 filings on record (2012–2020).
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $31K |
| Total Expenses | $41K |
| Surplus / Deficit | $-10,229 |
| Total Assets | $463 |
| Total Liabilities | $10K |
| Net Assets | $-9,526 |
| Operating Margin | -33.4% |
| Debt-to-Asset Ratio | 2157.5% |
| Months of Reserves | 0.1 months |
Financial Health Grade: D
In 2020, New Mexico Music Commission Foundation reported a deficit of $10K with expenses exceeding revenue, holds 0.1 months of operating reserves (limited), has a debt-to-asset ratio of 2157.5% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -8.4% | -4.9% | -82.9% |
| 2019 | -14.8% | +17.6% | -73.6% |
| 2018 | +240.9% | +506.8% | +35.4% |
| 2016 | -100.0% | -100.0% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New Mexico Music Commission Foundation 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 Music Commission Foundation 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.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $10K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2157.5%.
Frequently Asked Questions about New Mexico Music Commission Foundation
Is New Mexico Music Commission Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, New Mexico Music Commission Foundation (EIN: 900538104) insufficient data. 0 red flags identified, 0 strengths noted.
How does New Mexico Music Commission Foundation spend its money?
Detailed spending breakdown data is not yet available for New Mexico Music Commission Foundation. Check back for updated IRS 990 analysis.
Are donations to New Mexico Music Commission Foundation tax-deductible?
New Mexico Music Commission Foundation is registered as a tax-exempt nonprofit (EIN: 900538104). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Mexico Music Commission Foundation located?
New Mexico Music Commission Foundation is headquartered in Santa Fe, New Mexico and files with the IRS under EIN 900538104. It is classified under NTEE code A12.
How many years of IRS 990 filings does New Mexico Music Commission Foundation have?
New Mexico Music Commission Foundation has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for New Mexico Music Commission Foundation showing financial trends over 9 years of public records:
In its most recent filing year (2020), New Mexico Music Commission Foundation reported a deficit of $10K, with expenses exceeding revenue. The organization holds $10K in liabilities against $463 in assets (debt-to-asset ratio: 2157.5%), resulting in net assets of $-9,526.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $31K | $41K | $463 | $10K | — | View 990 |
| 2019 | $33K | $43K | $3K | $2K | — | View 990 |
| 2018 | $39K | $37K | $10K | $0 | — | View 990 |
| 2017 | $12K | $6K | $8K | $0 | — | View 990 |
| 2016 | $0 | $0 | $2K | $0 | — | View 990 |
| 2015 | $585 | $379 | $2K | $0 | — | View 990 |
| 2014 | $3K | $764 | $2K | $0 | — | View 990 |
| 2013 | $0 | $0 | $1 | $0 | — | View 990 |
| 2012 | $0 | $0 | $0 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $31K, expenses of $41K, and assets of $463 (revenue -8.4% year-over-year).
- 2019: Revenue of $33K, expenses of $43K, and assets of $3K (revenue -14.8% year-over-year).
- 2018: Revenue of $39K, expenses of $37K, and assets of $10K (revenue +240.9% year-over-year).
- 2017: Revenue of $12K, expenses of $6K, and assets of $8K.
- 2016: Revenue of $0, expenses of $0, and assets of $2K (revenue -100.0% year-over-year).
- 2015: Revenue of $585, expenses of $379, and assets of $2K (revenue -77.8% year-over-year).
- 2014: Revenue of $3K, expenses of $764, and assets of $2K.
- 2013: Revenue of $0, expenses of $0, and assets of $1.
- 2012: Revenue of $0, expenses of $0, and assets of $0.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Mexico Music Commission Foundation:
Data Sources and Methodology
This transparency report for New Mexico Music Commission Foundation 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.