Equality New Mexico Foundation

Analysis

Equality New Mexico Foundation is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in July 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Equality New Mexico Foundation reported income of $735k and spending of $544k, leaving 26% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $247k to $735k (+198%), an average of +73% a year. The sharpest change came in the year to June 2023, when income rose by 89%. Over the whole period it spent 65% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Equality New Mexico Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within NM. Charities of a similar size with the same main cause include Theres Hope for the Hungry Inc ($735k), Newtons Attic ($736k) and We Care Inc 121694 ($735k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $88k (16% of expenses). Other salaries and wages came to $62k. At year end it held assets of $541k against liabilities of $9,163, net assets of $532k. It reported 6 employees.