Little Sisters of the Poor of New Mexico

Analysis

Little Sisters of the Poor of New Mexico is a registered charity in United States, based in Gallup, NM. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Little Sisters of the Poor of New Mexico reported income of $1.8m and spending of $2.9m, spending 164% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.3m to $1.8m (-21%), an average of -5.6% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 139% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Little Sisters of the Poor of New Mexico sits at the 82nd percentile: it is larger than about 82% 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 We Are Your Children Inc ($1.8m), The Hub Center Inc ($1.8m) and Estuary Council of Seniors Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 87% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $5.7m against liabilities of $13.1m, net assets of -$7.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.