Feed New Mexico Kids Inc

Analysis

Feed New Mexico Kids Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Feed New Mexico Kids Inc reported income of $357k and spending of $322k, spending 90% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $569k to $357k (-37%), an average of -21% a year. The sharpest change came in the year to December 2022, when income dropped by 52%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Feed New Mexico Kids Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within NM. Charities of a similar size with the same main cause include Hoyt Foundation Inc ($357k), Hope America Inc ($357k) and American Outreach Foundation ($357k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $50k (16% of expenses). At year end it held assets of $245k against liabilities of $0, net assets of $245k.