United Way of Central New Mexico

Analysis

United Way of Central New Mexico is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in March 1980, 46 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, United Way of Central New Mexico reported income of $14.7m and spending of $17.9m, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $16.5m to $14.7m (-11%), an average of -2.9% a year. The sharpest change came in the year to June 2021, when income rose by 71%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, United Way of Central New Mexico sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 98th percentile within NM. Charities of a similar size with the same main cause include Columbus Jewish Foundation ($14.6m), Sun Angel Foundation Inc ($14.7m) and Museum of Art and Light Land Inc ($14.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $813k (4.5% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $23.6m against liabilities of $4.6m, net assets of $19.0m. It reported 74 employees.