New Mexico Asian Family Center

Analysis

New Mexico Asian Family Center is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Asian Family Center reported income of $2.0m and spending of $1.4m, leaving 31% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.3m to $2.0m (+61%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 58%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Mexico Asian Family Center sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NM. Charities of a similar size with the same main cause include Wounded Veterans Relief Fund ($2.0m), Bikur Cholim Staten Island Inc ($2.0m) and Mary Bryant Home Association ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $96k (6.9% of expenses). Other salaries and wages came to $666k. At year end it held assets of $2.8m against liabilities of $107k, net assets of $2.7m. It reported 19 employees.