Arc of New Mexico

Analysis

Arc of New Mexico is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in April 1964, 62 years ago. 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, Arc of New Mexico reported income of $1.9m and spending of $2.1m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $1.9m (+8.4%), an average of +2.0% a year. The sharpest change came in the year to December 2020, when income rose by 35%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc of New Mexico sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NM. Charities of a similar size with the same main cause include Hill Country Crisis Council Inc ($1.9m), Bethel Broadcasting Inc ($1.9m) and Helping in His Name Ministries Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $135k (6.6% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $6.3m against liabilities of $1.9m, net assets of $4.5m. It reported 32 employees.