Thrive in Southern New Mexico

Analysis

Thrive in Southern New Mexico is a registered charity in United States, based in Alamogordo, NM. It received its IRS tax-exemption ruling in September 1967, 59 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 December 2023, Thrive in Southern New Mexico reported income of $527k and spending of $645k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $418k to $527k (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2022, when income rose by 61%. Over the whole period it spent 118% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Thrive in Southern New Mexico sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within NM. Charities of a similar size with the same main cause include Celebrity Waiters Luncheon ($527k), Coca Qalicb Inc ($527k) and Pikes Peak Range Riders Foundation ($527k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 105% of the total. Compensation of current officers, directors and key employees was $80k (12% of expenses). Other salaries and wages came to $95k. At year end it held assets of $646k against liabilities of $94k, net assets of $552k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.