New Mexicare

Analysis

New Mexicare is a registered charity in United States, based in Santa Rosa, NM. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, New Mexicare reported income of $187k and spending of $168k, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $137k to $187k (+36%), an average of +8.1% a year. The sharpest change came in the year to June 2023, when income rose by 82%. Over the whole period it spent 68% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New Mexicare sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within NM. Charities of a similar size with the same main cause include Texas Podiatric Medical Foundation ($187k), Sarah Bush Lincoln Health Center Guild ($187k) and Lamour Community Health Institute ($187k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.5% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $13k (7.6% of expenses). At year end it held assets of $712k against liabilities of $6,002, net assets of $706k.