CPLC New Mexico Inc

Analysis

CPLC New Mexico Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in November 1977, 49 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, CPLC New Mexico Inc reported income of $6.2m and spending of $6.1m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.4m to $6.2m (+84%), an average of +16% a year. The sharpest change came in the year to June 2020, when income rose by 37%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, CPLC New Mexico Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within AZ. Charities of a similar size with the same main cause include Institute Capital Inc ($6.2m), Brooklyn Alliance Inc ($6.2m) and Pa Irc Network Foundation ($6.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $92k (1.5% of expenses). Other salaries and wages came to $486k. At year end it held assets of $8.7m against liabilities of $6.6m, net assets of $2.1m. It reported 15 employees.