New Mexico Black Leadership Council

Analysis

New Mexico Black Leadership Council is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in September 2014, 12 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, New Mexico Black Leadership Council reported income of $1.3m and spending of $1.2m, spending 92% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $824k to $1.3m (+61%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 70%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Mexico Black Leadership Council sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within NM. Charities of a similar size with the same main cause include MSGR Joseph F Stedman Residence Housing Development Fund Corporati ($1.3m), Blue Star Recyclers ($1.3m) and Daybreak Inc ($1.3m).

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 $100k (8.2% of expenses). Other salaries and wages came to $257k. At year end it held assets of $2.6m against liabilities of $831k, net assets of $1.7m. It reported 17 employees.