Golden Apple Foundation of New Mexico

Analysis

Golden Apple Foundation of New Mexico is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in November 1994, 32 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Golden Apple Foundation of New Mexico reported income of $149k and spending of $181k, spending 121% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $288k to $149k (-48%), an average of -20% a year. The sharpest change came in the year to December 2020, when income dropped by 43%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Golden Apple Foundation of New Mexico sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 43rd percentile within NM. Charities of a similar size with the same main cause include Simi Valley Rotary Charitable Foundation ($149k), Howard Scott Residuary Trust Uw First Ala BK ($149k) and United Givers of Southwest Mississippi Inc ($149k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 2.4% of the total. At year end it held assets of $176k against liabilities of $93k, net assets of $83k.