Southeast NM Community Action Corporation

Analysis

Southeast NM Community Action Corporation is a registered charity in United States, based in Carlsbad, NM. It received its IRS tax-exemption ruling in December 1965, 61 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Southeast NM Community Action Corporation reported income of $10.5m and spending of $9.9m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.2m to $10.5m (+45%), an average of +9.8% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Southeast NM Community Action Corporation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within NM. Charities of a similar size with the same main cause include Massachusetts Wonderfund Inc ($10.5m), Emmaus Inc ($10.5m) and Desert Mission Inc ($10.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $107k (1.1% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $5.3m against liabilities of $1.0m, net assets of $4.2m. It reported 194 employees.