Central New Mexico Community College Foundation Inc

Analysis

Central New Mexico Community College Foundation 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. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Central New Mexico Community College Foundation Inc reported income of $1.5m and spending of $1.4m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.8m to $1.5m (-19%), an average of -5.2% a year. The sharpest change came in the year to June 2020, when income rose by 33%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central New Mexico Community College Foundation Inc 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 83rd percentile, and in the 83rd percentile within NM. Charities of a similar size with the same main cause include Camp Courant Incorporated ($1.5m), Chicago Womens Health Center Inc ($1.5m) and Gwinnett Coalition for Health and Human Services Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $15.3m against liabilities of $1.2m, net assets of $14.2m.