Growing Up New Mexico Inc

Analysis

Growing Up New Mexico Inc is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in August 1971, 55 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Growing Up New Mexico Inc reported income of $5.2m and spending of $6.1m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.6m to $5.2m (+46%), an average of +9.8% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 105% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Growing Up New Mexico Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within NM. Charities of a similar size with the same main cause include Legacy Global Foundation Inc ($5.2m), Davie Community Foundation Inc ($5.2m) and Womens Foundation of Massachusetts Inc ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $462k (7.6% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $6.2m against liabilities of $2.4m, net assets of $3.8m. It reported 81 employees.