New Mexico Community Capital

Analysis

New Mexico Community Capital is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in November 2005, 21 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Mexico Community Capital reported income of $4.2m and spending of $3.7m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $4.2m (+301%), an average of +42% a year. The sharpest change came in the year to December 2021, when income rose by 95%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New Mexico Community Capital sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within NM. Charities of a similar size with the same main cause include The Nemasket Group Inc ($4.2m), Monument Impact ($4.2m) and Career Path DC ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $184k (4.9% of expenses). Other salaries and wages came to $351k. At year end it held assets of $11.7m against liabilities of $8.2m, net assets of $3.4m. It reported 7 employees.