Las Vegas New Mexico Community Foundation

Analysis

Las Vegas New Mexico Community Foundation is a registered charity in United States, based in Las Vegas, NM. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Las Vegas New Mexico Community Foundation reported income of $235k and spending of $497k, spending 212% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $275k to $235k (-15%), an average of -7.6% a year. The sharpest change came in the year to December 2022, when income rose by 477%. Over the whole period it spent 55% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Las Vegas New Mexico Community Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within NM. Charities of a similar size with the same main cause include Friends of Caritas SDR Inc ($234k), Partnerships for Lawrence Inc ($235k) and Martin County Economic Development Corporation ($234k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $14k (2.9% of expenses). At year end it held assets of $984k against liabilities of $3,923, net assets of $981k. It reported 1 employees.