Eastern New Mexico University Foundation

Analysis

Eastern New Mexico University Foundation is a registered charity in United States, based in Portales, NM. It received its IRS tax-exemption ruling in March 1979, 47 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Eastern New Mexico University Foundation reported income of $4.8m and spending of $2.5m, leaving 48% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $4.8m (+59%), an average of +12% a year. The sharpest change came in the year to June 2022, when income dropped by 145%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Eastern New Mexico University Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within NM. Charities of a similar size with the same main cause include Brooke School Foundation ($4.8m), Estrella Educational Foundation ($4.8m) and University of Science & Arts of Oklahoma Foundation Inc ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $28.2m against liabilities of $152k, net assets of $28.0m.