Excellent Schools New Mexico

Analysis

Excellent Schools New Mexico is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in June 2016, 10 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 December 2023, Excellent Schools New Mexico reported income of $3.0m and spending of $1.6m, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $3.0m (+138%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 195%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Excellent Schools New Mexico sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NM. Charities of a similar size with the same main cause include Milwaukie Academy of the Arts ($3.0m), Alternative Academic Achievement Academy ($3.0m) and South Florida State College Foundation Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $221k (14% of expenses). Other salaries and wages came to $131k. At year end it held assets of $4.0m against liabilities of $184k, net assets of $3.8m. It reported 3 employees.