New Space New Mexico

Analysis

New Space New Mexico is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 December 2023, New Space New Mexico reported income of $2.2m and spending of $2.1m, spending 95% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $594k to $2.2m (+267%), an average of +54% a year. The sharpest change came in the year to December 2022, when income rose by 125%. Over the whole period it spent 98% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, New Space New Mexico sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within NM. Charities of a similar size with the same main cause include The Scrap Exchange Inc ($2.2m), Sconset Trust Inc ($2.2m) and Viridiant ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.8% of the total. Compensation of current officers, directors and key employees was $260k (13% of expenses). Other salaries and wages came to $580k. At year end it held assets of $742k against liabilities of $390k, net assets of $353k. It reported 8 employees.