Black Health New Mexico

Analysis

Black Health New Mexico is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Black Health New Mexico reported income of $1.2m and spending of $578k, leaving 52% of income unspent that year. Across the 4 years on record, from October 2020 to October 2023, income grew from $208k to $1.2m (+479%), an average of +80% a year. The sharpest change came in the year to October 2023, when income rose by 228%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Black Health New Mexico sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within NM. Charities of a similar size with the same main cause include Mountain Area Christian Academy Inc ($1.2m), McKinney Education Foundation ($1.2m) and Writing Partners ($1.2m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $90k (16% of expenses). Other salaries and wages came to $327k. At year end it held assets of $897k against liabilities of $8,321, net assets of $889k.