New Mexico Health Resources Inc

Analysis

New Mexico Health Resources Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in November 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 June 2023, New Mexico Health Resources Inc reported income of $727k and spending of $784k, spending 108% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $506k to $727k (+44%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Mexico Health Resources Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within NM. Charities of a similar size with the same main cause include San Ramon Valley Aquatics ($727k), Friends of Yeshiva Toras Moshe Inc ($727k) and The Dolphin Club a Nonprofit Corporation ($726k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $303k. At year end it held assets of $634k against liabilities of $150k, net assets of $484k. It reported 4 employees.