Challenge New Mexico

Analysis

Challenge New Mexico is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in May 1971, 55 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Challenge New Mexico reported income of $164k and spending of $227k, spending 138% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $120k to $164k (+36%), an average of +8.1% a year. The sharpest change came in the year to June 2020, when income rose by 221%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Challenge New Mexico sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within NM. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($164k), Alif International ($164k) and Steepleview Courts ($164k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $97k. At year end it held assets of $637k against liabilities of $1,182, net assets of $636k.