Human Milk Repository of New Mexico

Analysis

Human Milk Repository of New Mexico is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Human Milk Repository of New Mexico reported income of $261k and spending of $232k, spending 89% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $204k to $261k (+28%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 73%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Human Milk Repository of New Mexico sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NM. Charities of a similar size with the same main cause include Audreys Angels ($261k), Debrick Inc ($261k) and Aid International Inc ($261k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.8% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $83k (36% of expenses). Other salaries and wages came to $26k. At year end it held assets of $140k against liabilities of $228, net assets of $140k. It reported 4 employees.