New Mexico Junior College Foundation

Analysis

New Mexico Junior College Foundation is a registered charity in United States, based in Hobbs, NM. It received its IRS tax-exemption ruling in March 1970, 56 years ago. 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 June 2023, New Mexico Junior College Foundation reported income of $802k and spending of $529k, leaving 34% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $802k (-37%), an average of -11% a year. The sharpest change came in the year to June 2020, when income rose by 78%. Over the whole period it spent 39% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Mexico Junior College Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within NM. Charities of a similar size with the same main cause include Montrose Child Care Center Inc ($802k), Kentucky Sheriffs Boys Ranch Trust ($803k) and Scripps Ranch Soccer Club Incorporated ($802k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% of the total. At year end it held assets of $13.3m against liabilities of $11k, net assets of $13.3m.