New Mexico Veterans Integration Centers

Analysis

New Mexico Veterans Integration Centers is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, New Mexico Veterans Integration Centers reported income of $5.9m and spending of $2.8m, leaving 53% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.8m to $5.9m (+223%), an average of +34% a year. The sharpest change came in the year to September 2023, when income rose by 169%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Mexico Veterans Integration Centers sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within NM. Charities of a similar size with the same main cause include Wesley Heights Inc ($5.9m), Texarkana Special Education Center Inc ($5.9m) and Bridges Community Treatment Services Inc ($5.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $85k (3.1% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $5.0m against liabilities of $1.5m, net assets of $3.5m. It reported 37 employees.