New Mexico Cancer Center Foundation

Analysis

New Mexico Cancer Center Foundation is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, New Mexico Cancer Center Foundation reported income of $438k and spending of $229k, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $193k to $438k (+127%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 167%. Over the whole period it spent 52% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, New Mexico Cancer Center Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within NM. Charities of a similar size with the same main cause include Williamstown Community Chest ($438k), United Way of Rome and Floyd County Inc ($438k) and Agastya USA ($438k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $1.2m against liabilities of $3,096, net assets of $1.2m.