New Mexico Affordable Housing Charitable TR

Analysis

New Mexico Affordable Housing Charitable TR is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, New Mexico Affordable Housing Charitable TR reported income of $519k and spending of $570k, spending 110% of what it took in. Across the 3 years on record, from September 2021 to September 2023, income grew from $511k to $519k (+1.6%), an average of +0.8% a year. The sharpest change came in the year to September 2023, when income rose by 143%. Over the whole period it spent 71% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Mexico Affordable Housing Charitable TR sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within NM. Charities of a similar size with the same main cause include Bivins Village Phase II ($519k), Morning Star Community NFP Inc ($519k) and Richmond Urban Senior Housing Incorporated ($518k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $17k. At year end it held assets of $877k against liabilities of $44k, net assets of $833k.