New Mexico Trial Lawyers Association Foundation

Analysis

New Mexico Trial Lawyers Association Foundation is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in September 1989, 37 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 2023, New Mexico Trial Lawyers Association Foundation reported income of $524k and spending of $445k, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $291k to $524k (+80%), an average of +16% a year. The sharpest change came in the year to June 2020, when income rose by 23%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Mexico Trial Lawyers Association Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within NM. Charities of a similar size with the same main cause include Young Naperville Singers ($524k), Pine Grove Academy Inc ($524k) and Rehabilitation House Inc ($524k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.4% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $76k (17% of expenses). Other salaries and wages came to $71k. At year end it held assets of $802k against liabilities of $2,543, net assets of $799k.