New Mexico Ramp Project

Analysis

New Mexico Ramp Project is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in September 2019, 7 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, New Mexico Ramp Project reported income of $251k and spending of $209k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $70k to $251k (+259%), an average of +259% a year. The sharpest change came in the year to December 2023, when income rose by 259%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Mexico Ramp Project 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 58th percentile, and in the 56th percentile within NM. Charities of a similar size with the same main cause include Ten Thousand Villages of Huron Valley Inc ($251k), Lutheran Social Services of Central Ohio Centerburg Housing Inc ($252k) and Friends of the Veterans Memorial Senior Center ($251k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 4.3% of the total. Other salaries and wages came to $32k. At year end it held assets of $132k against liabilities of $3,209, net assets of $129k. It reported 2 employees.