Northern New Mexico College Foundation

Analysis

Northern New Mexico College Foundation is a registered charity in United States, based in Espanola, NM. It received its IRS tax-exemption ruling in September 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Northern New Mexico College Foundation reported income of $5.4m and spending of $463k, leaving 91% of income unspent that year. Across the 6 years on record, from June 2018 to June 2023, income grew from $390k to $5.4m (+1294%), an average of +69% a year. The sharpest change came in the year to June 2023, when income rose by 2012%. Over the whole period it spent 22% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Northern New Mexico College Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within NM. Charities of a similar size with the same main cause include Isle of Wight County Education Foundation ($5.4m), Huntingdon County Child and Adult Development Corporation ($5.4m) and Montgomery City-County Public Library ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $9.9m against liabilities of $308k, net assets of $9.6m.