New Mexico Veterans Memorial Foundation

Analysis

New Mexico Veterans Memorial Foundation is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in July 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Veterans Memorial Foundation reported income of $163k and spending of $44k, leaving 73% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $70k to $163k (+132%), an average of +32% a year. The sharpest change came in the year to June 2023, when income rose by 205%. Over the whole period it spent 55% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Mexico Veterans Memorial Foundation 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 49th percentile, and in the 46th percentile within NM. Charities of a similar size with the same main cause include Robstown Isd Education Foundation ($163k), NSCC Parent Advisory Council of Parent Cooperative Preschools ($163k) and Lebnet ($163k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.4% and program service revenue 89% of the total. At year end it held assets of $511k against liabilities of $2,800, net assets of $509k.