CNM Ingenuity Incoproration

Analysis

CNM Ingenuity Incoproration is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in May 2015, 11 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, CNM Ingenuity Incoproration reported income of $12.5m and spending of $10.8m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.8m to $12.5m (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2022, when income rose by 73%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, CNM Ingenuity Incoproration sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NM. Charities of a similar size with the same main cause include Cumberland Community Foundation Inc ($12.5m), Scranton Area Foundation Inc ($12.5m) and Community Foundation for Southwest Washington ($12.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 38% of the total. Other salaries and wages came to $2.7m. At year end it held assets of $33.1m against liabilities of $2.2m, net assets of $30.9m. It reported 133 employees.