Hibernian House of New Mexico Inc

Analysis

Hibernian House of New Mexico Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in December 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Hibernian House of New Mexico Inc reported income of $101k and spending of $129k, spending 128% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $96k to $101k (+5.2%), an average of +1.3% a year. Over the whole period it spent 142% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hibernian House of New Mexico Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 33rd percentile within NM. Charities of a similar size with the same main cause include Rooted ($101k), Hogs and Heroes Foundation ($101k) and Stephanie Nicole Parze Foundation Inc ($101k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Other salaries and wages came to $34k. At year end it held assets of $922k against liabilities of $1.2m, net assets of -$270k.

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.