Jewish Community Foundation of New Mexico

Analysis

Jewish Community Foundation of New Mexico 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 philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Jewish Community Foundation of New Mexico reported income of $916k and spending of $798k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $916k (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 48% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jewish Community Foundation of New Mexico sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within NM. Charities of a similar size with the same main cause include CSB Charitable Foundation ($916k), Pro Players Foundation Inc ($916k) and Doterra Hope Foundation Inc ($915k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 4.8% of the total. Compensation of current officers, directors and key employees was $48k (6.0% of expenses). At year end it held assets of $9.4m against liabilities of $4.2m, net assets of $5.2m. It reported 1 employees.