Help-New Mexico Inc

Analysis

Help-New Mexico Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in November 1966, 60 years ago. 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, Help-New Mexico Inc reported income of $13.5m and spending of $14.0m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.9m to $13.5m (+13%), an average of +3.2% a year. The sharpest change came in the year to June 2021, when income rose by 43%. 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, Help-New Mexico 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 96th percentile, and in the 98th percentile within NM. Charities of a similar size with the same main cause include Leonard and Susan Fuchs Mizrachi School ($13.5m), Osceola Community Hospital Inc ($13.5m) and School for Field Studies Inc ($13.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $226k (1.6% of expenses). Other salaries and wages came to $7.4m. At year end it held assets of $4.8m against liabilities of $2.1m, net assets of $2.7m. It reported 712 employees.