New Mexico School Boards Association

Analysis

New Mexico School Boards Association is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in October 1958, 68 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New Mexico School Boards Association reported income of $957k and spending of $978k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $866k to $957k (+11%), an average of +2.5% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Mexico School Boards Association 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 79th percentile, and in the 78th percentile within NM. Charities of a similar size with the same main cause include Big Picture Alliance ($957k), American Foundation for Affordable Housing Inc ($957k) and Hope Action Care ($956k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.5% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $143k (15% of expenses). Other salaries and wages came to $133k. At year end it held assets of $1.3m against liabilities of $133k, net assets of $1.2m. It reported 3 employees.