Western New Mexico University Foundation

Analysis

Western New Mexico University Foundation is a registered charity in United States, based in Silver City, NM. It received its IRS tax-exemption ruling in March 1986, 40 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 2024, Western New Mexico University Foundation reported income of $1.8m and spending of $778k, leaving 57% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $969k to $1.8m (+89%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 1112%. Over the whole period it spent 18% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Western New Mexico University Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NM. Charities of a similar size with the same main cause include Black Sustainability Inc ($1.8m), Oregon Translational Research Anddrug Development Institute ($1.8m) and Prairie Hill Waldorf School Ltd ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 40% of the total. Other salaries and wages came to $50k. At year end it held assets of $29.9m against liabilities of $1.1m, net assets of $28.9m.