New Mexico Museum of Natural History Foundation

Analysis

New Mexico Museum of Natural History Foundation is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in March 1978, 48 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, New Mexico Museum of Natural History Foundation reported income of $2.3m and spending of $1.6m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.3m (+21%), an average of +4.9% a year. The sharpest change came in the year to June 2023, when income rose by 56%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Mexico Museum of Natural History Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NM. Charities of a similar size with the same main cause include Pih Health Management Corp ($2.3m), Grays Harbor College Foundation Inc ($2.3m) and Cardinal Shehan Center Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 9.8% of the total. Compensation of current officers, directors and key employees was $222k (14% of expenses). Other salaries and wages came to $385k. At year end it held assets of $3.1m against liabilities of $452k, net assets of $2.6m. It reported 19 employees.