New Mexico Primary Medical Care

Analysis

New Mexico Primary Medical Care is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in July 1986, 40 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 Primary Medical Care reported income of $4.8m and spending of $4.6m, spending 96% of its income. Across the 6 years on record, from March 2019 to June 2023, income fell from $5.4m to $4.8m (-10%), an average of -2.1% a year. The sharpest change came in the year to June 2020, when income rose by 276%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Mexico Primary Medical Care sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within NM. Charities of a similar size with the same main cause include Florida International University Academic Health Center Health Care ($4.8m), Ankeny Christian Academy ($4.8m) and ALS United Greater New York Inc ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $540k (12% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $7.6m against liabilities of $415k, net assets of $7.2m. It reported 28 employees.