New Mexico Farmers Marketing Association

Analysis

New Mexico Farmers Marketing Association is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover food, agriculture and nutrition, 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 December 2023, New Mexico Farmers Marketing Association reported income of $3.7m and spending of $3.9m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $3.7m (+210%), an average of +33% a year. The sharpest change came in the year to December 2020, when income rose by 108%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Mexico Farmers Marketing Association sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within NM. Charities of a similar size with the same main cause include Jewish Union Foundation Inc ($3.7m), Ashtabula County Residential Services Corporation ($3.7m) and The Place ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $310k (7.9% of expenses). Other salaries and wages came to $792k. At year end it held assets of $1.5m against liabilities of $272k, net assets of $1.2m. It reported 18 employees.