New Mexico Center for Economic Opportunity Inc

Analysis

New Mexico Center for Economic Opportunity Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in January 2022, 4 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 June 2023, New Mexico Center for Economic Opportunity Inc reported income of $182k and spending of $205k, spending 113% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $70k to $182k (+159%), an average of +159% a year. The sharpest change came in the year to June 2023, when income rose by 159%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Mexico Center for Economic Opportunity Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within NM. Charities of a similar size with the same main cause include American Society of Naturalists ($181k), US for Warriors Foundation ($182k) and Little League Baseball Inc ($181k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. At year end it held assets of $56k against liabilities of $0, net assets of $56k.