New Mexico Heart Institute Foundation

Analysis

New Mexico Heart Institute Foundation is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in April 2005, 21 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2022, New Mexico Heart Institute Foundation reported income of $152k and spending of $140k, spending 92% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.1m to $152k (-86%), an average of -48% a year. The sharpest change came in the year to December 2022, when income rose by 109%. Over the whole period it spent 49% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, New Mexico Heart Institute Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 44th percentile within NM. Charities of a similar size with the same main cause include Pikes Peak Area Rotary Endowment ($152k), Lantern Projects Inc ($152k) and Beyond the Fairways Foundation ($152k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 41% and program service revenue 59% of the total. At year end it held assets of $789k against liabilities of $0, net assets of $789k.