University of New Mexico Foundation Incorporated

Analysis

University of New Mexico Foundation Incorporated is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in January 1980, 46 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, University of New Mexico Foundation Incorporated reported income of $68.1m and spending of $52.5m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $43.6m to $68.1m (+56%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 57%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of New Mexico Foundation Incorporated sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within NM. Charities of a similar size with the same main cause include Dexter Southfield Inc ($68.0m), Concordia University Texas ($68.4m) and Trinity Basin Preparatory Inc ($67.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $2.4m (4.6% of expenses). Other salaries and wages came to $6.9m. It paid $190k in professional fundraising fees. At year end it held assets of $454.7m against liabilities of $130.5m, net assets of $324.1m. It reported 103 employees.