New Mexico Community Foundation

Analysis

New Mexico Community Foundation is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in September 1983, 43 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 December 2023, New Mexico Community Foundation reported income of $12.2m and spending of $10.1m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.3m to $12.2m (+94%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, New Mexico Community Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NM. Charities of a similar size with the same main cause include Oshkosh Area Community Foundation Corporation ($12.2m), Child Saving Institute Foundation Inc ($12.2m) and Friends Of@raising the Village Incorporated ($12.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 9.1% of the total. Compensation of current officers, directors and key employees was $275k (2.7% of expenses). Other salaries and wages came to $365k. At year end it held assets of $35.8m against liabilities of $4.7m, net assets of $31.1m. It reported 13 employees.