Special Olympics New Mexico Inc

Analysis

Special Olympics New Mexico Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in August 1980, 46 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 December 2023, Special Olympics New Mexico Inc reported income of $2.4m and spending of $2.4m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $2.4m (+3.1%), an average of +0.8% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Special Olympics New Mexico Inc sits at the 87th 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 Telluride Science ($2.4m), El Pajaro Community Development Corporation ($2.4m) and Christian Benevolent Association of Greater Cincinnati Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 5.1% of the total. Compensation of current officers, directors and key employees was $139k (5.7% of expenses). Other salaries and wages came to $785k. At year end it held assets of $2.8m against liabilities of $111k, net assets of $2.7m. It reported 19 employees.