New Mexico Hospital Education & Research Foundation

Analysis

New Mexico Hospital Education & Research Foundation is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in February 1990, 36 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 December 2023, New Mexico Hospital Education & Research Foundation reported income of $311k and spending of $417k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $623k to $311k (-50%), an average of -16% a year. The sharpest change came in the year to December 2020, when income rose by 150%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Mexico Hospital Education & Research Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within NM. Charities of a similar size with the same main cause include Fortitude Community Outreach ($311k), City Wide Club of Clubs ($311k) and Care 4 the Caregivers ($311k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $416k against liabilities of $59k, net assets of $357k.