New Mexico Society of C P a S FDN for Education & Research

Analysis

New Mexico Society of C P a S FDN for Education & Research is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in September 1986, 40 years ago. 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 June 2024, New Mexico Society of C P a S FDN for Education & Research reported income of $476k and spending of $588k, spending 123% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $644k to $476k (-26%), an average of -5.8% a year. The sharpest change came in the year to June 2021, when income dropped by 36%. Over the whole period it spent 119% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Mexico Society of C P a S FDN for Education & Research sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within NM. Charities of a similar size with the same main cause include Georgia State University Alumni Association Inc ($476k), USA Swimming Inc ($476k) and Wisconsin Public Health Association Inc ($476k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.0% and program service revenue 85% of the total. Other salaries and wages came to $146k. At year end it held assets of $2.4m against liabilities of $1.2m, net assets of $1.2m.

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.