Public Charter Schools of New Mexico

Analysis

Public Charter Schools of New Mexico is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Public Charter Schools of New Mexico reported income of $806k and spending of $744k, spending 92% of its income. Across the 6 years on record, from December 2018 to June 2023, income grew from $383k to $806k (+110%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 105%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Public Charter Schools of New Mexico sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within NM. Charities of a similar size with the same main cause include Old Lyme-Phoebe Griffin Noyes Library Assn ($806k), Carmel Educational Foundation ($806k) and Stanford Soccer Club ($806k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $149k (20% of expenses). Other salaries and wages came to $105k. At year end it held assets of $416k against liabilities of $250k, net assets of $166k. It reported 4 employees.