New Mexico Community Trust

Analysis

New Mexico Community Trust is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in September 2021, 5 years ago. 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 December 2023, New Mexico Community Trust reported income of $16.0m and spending of $9.7m, leaving 40% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $5.0m to $16.0m (+218%), an average of +78% a year. The sharpest change came in the year to December 2022, when income rose by 104%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Mexico Community Trust sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NM. Charities of a similar size with the same main cause include Foundation for Government Accountability Inc ($16.0m), Harrisburg Area YMCA ($16.0m) and Spero Academy ($16.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.0% of the total. Other salaries and wages came to $194k. At year end it held assets of $11.2m against liabilities of $257k, net assets of $11.0m.