Progressnow New Mexico Education Fund

Analysis

Progressnow New Mexico Education Fund is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, Progressnow New Mexico Education Fund reported income of $706k and spending of $1.0m, spending 147% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $873k to $706k (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2023, when income dropped by 45%. Over the whole period it spent 87% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Progressnow New Mexico Education Fund sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within NM. Charities of a similar size with the same main cause include Tennessee Court Appointed Special Advocate Association Inc ($705k), Miles of Freedom ($706k) and Wade Knox Childrens Advocacy Center Inc ($705k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $103k (9.9% of expenses). Other salaries and wages came to $620k. At year end it held assets of $822k against liabilities of $34k, net assets of $788k. It reported 17 employees.