New Mexico Association for the Education of Young Children

Analysis

New Mexico Association for the Education of Young Children is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, New Mexico Association for the Education of Young Children reported income of $588k and spending of $482k, spending 82% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $477k to $588k (+23%), an average of +4.3% a year. The sharpest change came in the year to June 2022, when income rose by 143%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Mexico Association for the Education of Young Children sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within NM. Charities of a similar size with the same main cause include Westwood Montessori School Inc ($588k), The Nia Foundation Incorporated ($588k) and Ambleside School of Boerne ($588k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 62% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $173k (36% of expenses). Other salaries and wages came to $9,804. At year end it held assets of $396k against liabilities of $11k, net assets of $385k. It reported 3 employees.