New Mexico State Bar Foundation

Analysis

New Mexico State Bar Foundation is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in March 1992, 34 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 December 2023, New Mexico State Bar Foundation reported income of $1.8m and spending of $1.6m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.8m (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Mexico State Bar Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NM. Charities of a similar size with the same main cause include Barbara Jean Brown Foundation ($1.8m), Habitat for Humanity International Inc ($1.8m) and Paulist Press Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 54% of the total. Other salaries and wages came to $998k. At year end it held assets of $1.2m against liabilities of $628k, net assets of $562k. It reported 24 employees.