New Mexico Library Association

Analysis

New Mexico Library Association is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in June 1969, 57 years ago. 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 June 2023, New Mexico Library Association reported income of $67k and spending of $54k, leaving 20% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $48k to $67k (+41%), an average of +41% a year. The sharpest change came in the year to June 2023, when income rose by 41%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Mexico Library Association sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 22nd percentile within NM. Charities of a similar size with the same main cause include North Scott Athletic Booster Club Incorporated ($67k), Phi Lambda Upsilon Honorary Chemical Society ($67k) and Friends of the Folsom Library ($67k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 1.7% and program service revenue 81% of the total. At year end it held assets of $168k against liabilities of $0, net assets of $168k.