New Mexico State University Foundation Inc

Analysis

New Mexico State University Foundation Inc is a registered charity in United States, based in Las Cruces, NM. It received its IRS tax-exemption ruling in June 1960, 66 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New Mexico State University Foundation Inc reported income of $19.0m and spending of $24.3m, spending 128% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $22.3m to $19.0m (-15%), an average of -3.9% a year. The sharpest change came in the year to June 2021, when income rose by 387%. Over the whole period it spent 33% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Mexico State University Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NM. Charities of a similar size with the same main cause include Hallmark University Inc ($19.0m), Viera Charter Schools Inc ($19.0m) and New Schools for New Orleans Inc ($19.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $1.3m (5.2% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $384.4m against liabilities of $84.0m, net assets of $300.3m. It reported 47 employees.