New Mexico Actors Lab
Public records show a registered, tax-exempt organization in good standing.
What it says it does
Mission: "The New Mexico Actors Lab focuses on the work of the actor in plays that touch the heart and challenge the mind." We produce five plays a year, each carefully curated to be both challenging and entertaining to our audiences. We strongly believe in serving our local community and hire almost exclusively from this area.
- Income
- $310,577
- Spending
- $241,740
- Spent on programs
- 100%
- Reserves
- 10.5 months of spending
- Largest source of income
- donations and private grants, 45%
- Employees
- 0
- Volunteers
- 0
- Highest pay
- $10,000, board member
Source: Form 990 for the year ending June 30, 2026, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 89 out of 100. Higher than 74% of charities in its peer group (arts and culture, $250k to $1m).
Reserves
28 of 35Spendable reserves would cover 10.5 months of spending.
Debt
16 of 20It owes 22% of what it owns.
Living within its means
15 of 15Income exceeded spending by 22% of income.
Income trend
15 of 15Income rose 58% on the year before.
Spending floor
15 of 15100% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending June 30, 2026, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Fair: 66 out of 100. Higher than 41% of charities in its peer group (arts and culture, $250k to $1m).
Independent board
25 of 2513 of 13 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
0 of 10Did not give the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
6 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2026, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $241,740 spent. NMAL accomplished our section 501(c)(3) service of providing theatrical arts programming to Santa Fe and the surrounding area. Expenses are typical in that they include lease, utilities, marketing, staffing, insurance, the cost of each of the five shows produced for both local and visiting audience members. During down time between our own performances, we rent out the theater to other nonprofit theater companies, the associated expenses built into our yearly budget as part of the expected outlay, items like rent, insurance, staffing unchanged during these periods. I did not separate out our income from renting our space to other theater companies because revenue is not associated with specific costs . Lease payments are due regardless of renting. Our utility bills are lumped together by our lessor. Insurance is due and paid bi-annually, regardless. The income in 2025 was $16,925 from renters, which included prepayments for $5,500 towards a February/March rental for 2026.
Source: Form 990 for the year ending June 30, 2026, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2026.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since July 2015.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.