New Mexico AIDS Services Inc

Analysis

New Mexico AIDS Services Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in January 1986, 40 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 June 2023, New Mexico AIDS Services Inc reported income of $320k and spending of $418k, spending 131% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $363k to $320k (-12%), an average of -3.1% a year. Over the whole period it spent 116% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Mexico AIDS Services Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NM. Charities of a similar size with the same main cause include Pray 1 Inc ($320k), Blessed Hands Catering to the Aging Disability Inc ($320k) and Chosen Gospel Recovery Inc ($320k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.2% and program service revenue 97% of the total. At year end it held assets of $3.1m against liabilities of $66k, net assets of $3.1m.

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.