The Community Foundation of Southern New Mexico

Analysis

The Community Foundation of Southern New Mexico is a registered charity in United States, based in Las Cruces, NM. It received its IRS tax-exemption ruling in May 1999, 27 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, The Community Foundation of Southern New Mexico reported income of $14.2m and spending of $4.2m, leaving 70% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $14.2m (+576%), an average of +61% a year. The sharpest change came in the year to December 2020, when income rose by 790%. Over the whole period it spent 34% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Community Foundation of Southern New Mexico sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 98th percentile within NM. Charities of a similar size with the same main cause include United Way of the Plains ($14.0m), W W Caruth Jr Foundation ($14.2m) and Yampa Valley Community Foundation ($14.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $131k (3.1% of expenses). Other salaries and wages came to $142k. At year end it held assets of $48.8m against liabilities of $6.7m, net assets of $42.1m. It reported 4 employees.