New Mexico Multi-Cultural Foundation Inc

Analysis

New Mexico Multi-Cultural Foundation Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in July 2001, 25 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 December 2023, New Mexico Multi-Cultural Foundation Inc reported income of $373k and spending of $197k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $179k to $373k (+108%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 3104%. Over the whole period it spent 52% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Mexico Multi-Cultural Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within NM. Charities of a similar size with the same main cause include Rough and Tumble Engineers Historical Association ($373k), Historic Italian Hall Foundation ($373k) and Spaa Theatre Performing Arts Center ($373k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% of the total. At year end it held assets of $507k against liabilities of $0, net assets of $507k.