Silver Horizon New Mexico Inc

Analysis

Silver Horizon New Mexico Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in December 1980, 46 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Silver Horizon New Mexico Inc reported income of $252k and spending of $296k, spending 117% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $283k to $252k (-11%), an average of -3.7% a year. The sharpest change came in the year to December 2022, when income rose by 33%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Silver Horizon New Mexico Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NM. Charities of a similar size with the same main cause include The LGBTQ Center Inc ($252k), Marquette Manor Foundation ($252k) and Friends of Jireh Inc ($252k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $53k (18% of expenses). Other salaries and wages came to $29k. At year end it held assets of $86k against liabilities of $1,223, net assets of $85k. It reported 2 employees.