Health Equity Alliance for LGBTQ New Mexicans

Analysis

Health Equity Alliance for LGBTQ New Mexicans is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Health Equity Alliance for LGBTQ New Mexicans reported income of $237k and spending of $254k, spending 107% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $138k to $237k (+71%), an average of +31% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Health Equity Alliance for LGBTQ New Mexicans sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within NM. Charities of a similar size with the same main cause include Mandalay Recovery Village ($237k), My Brother Vinny Inc ($237k) and PHS Interlude Fridley LLC ($237k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $87k (34% of expenses). Other salaries and wages came to $46k. At year end it held assets of $78k against liabilities of $5,815, net assets of $73k. It reported 2 employees.