Ngage New Mexico

Analysis

Ngage New Mexico is a registered charity in United States, based in Las Cruces, NM. It received its IRS tax-exemption ruling in August 2010, 16 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 (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 2022, Ngage New Mexico reported income of $1.1m and spending of $877k, spending 83% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $640k to $1.1m (+65%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 80%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ngage New Mexico sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within NM. Charities of a similar size with the same main cause include Simpson Street Development Association Inc ($1.1m), Lincoln Park Coast Cultural District Inc ($1.1m) and Tile Marble and Terrazzo Joint Apprenticeship Training Committee ($1.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 87% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $70k (8.0% of expenses). Other salaries and wages came to $314k. At year end it held assets of $698k against liabilities of $90k, net assets of $608k. It reported 7 employees.