New Mexico Friends of Foster Children

Analysis

New Mexico Friends of Foster Children is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in August 2009, 17 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 December 2023, New Mexico Friends of Foster Children reported income of $147k and spending of $157k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $103k to $147k (+42%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Mexico Friends of Foster Children sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 43rd percentile within NM. Charities of a similar size with the same main cause include Cares for Cancer Inc ($147k), Operation Turkey Daily ($147k) and Central Kansas Partnership Inc ($147k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $82k against liabilities of $7,717, net assets of $74k.