Rebound New Mexico

Analysis

Rebound New Mexico is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in May 2010, 16 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Rebound New Mexico reported income of $145k and spending of $192k, spending 133% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $243k to $145k (-40%), an average of -40% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rebound New Mexico sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 42nd percentile within NM. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($145k), Gold Nugget Days Inc ($145k) and Sri Venkateshwara Temple ($145k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $122k. At year end it held assets of $83k against liabilities of $0, net assets of $83k.