Leadership New Mexico

Analysis

Leadership New Mexico is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in January 1997, 29 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Leadership New Mexico reported income of $641k and spending of $660k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $844k to $641k (-24%), an average of -6.6% a year. The sharpest change came in the year to June 2023, when income rose by 56%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Leadership New Mexico sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within NM. Charities of a similar size with the same main cause include Association for Promotion of Jewish Secularism ($641k), Cleveland Festival of Art and Technology Inc ($641k) and Sounds Academy ($641k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $146k (22% of expenses). Other salaries and wages came to $77k. At year end it held assets of $1.3m against liabilities of $150k, net assets of $1.1m. It reported 6 employees.