New Mexico Highlands University Foundation Inc

Analysis

New Mexico Highlands University Foundation Inc is a registered charity in United States, based in Las Vegas, NM. It received its IRS tax-exemption ruling in December 1986, 40 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, New Mexico Highlands University Foundation Inc reported income of $3.3m and spending of $1.6m, leaving 52% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $3.3m (+116%), an average of +21% a year. The sharpest change came in the year to June 2023, when income rose by 88%. Over the whole period it spent 51% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Mexico Highlands University Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NM. Charities of a similar size with the same main cause include Dakshana Foundation ($3.3m), Workforce Advantage Academy Inc ($3.3m) and Honor Society of Phi Kappa Phi ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 7.0% of the total. At year end it held assets of $22.5m against liabilities of $3.6m, net assets of $18.9m.