Groundworks New Mexico

Analysis

Groundworks New Mexico is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Groundworks New Mexico reported income of $212k and spending of $244k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $217k to $212k (-2.4%), an average of -0.6% a year. The sharpest change came in the year to December 2020, when income rose by 104%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Groundworks New Mexico sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NM. Charities of a similar size with the same main cause include Matrix Performing Arts ($211k), Bulldog Booster Club ($212k) and Combatant Craft Crewman Association Inc ($211k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $117k (48% of expenses). Other salaries and wages came to $29k. At year end it held assets of $192k against liabilities of $63k, net assets of $129k. It reported 3 employees.