New Mexico Manufacturing Extension Partnership

Analysis

New Mexico Manufacturing Extension Partnership is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Manufacturing Extension Partnership reported income of $2.8m and spending of $2.3m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.8m (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2020, when income rose by 28%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New Mexico Manufacturing Extension Partnership 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 88th percentile, and in the 90th percentile within NM. Charities of a similar size with the same main cause include Field School Foundation ($2.8m), Street Law Inc ($2.8m) and Cornerstone Associates Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $261k (11% of expenses). Other salaries and wages came to $604k. At year end it held assets of $4.8m against liabilities of $627k, net assets of $4.1m. It reported 12 employees.