United Way of Southwest New Mexico

Analysis

United Way of Southwest New Mexico is a registered charity in United States, based in Las Cruces, NM. It received its IRS tax-exemption ruling in March 1958, 68 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, United Way of Southwest New Mexico reported income of $36.9m and spending of $9.6m, leaving 74% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $604k to $36.9m (+6007%), an average of +180% a year. The sharpest change came in the year to June 2022, when income rose by 1208%. Over the whole period it spent 35% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, United Way of Southwest New Mexico sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NM. Charities of a similar size with the same main cause include Sioux Falls Area Community Foundation Inc ($36.9m), Permian Basin Area Foundation ($37.3m) and Jewish Federation of Omaha Inc ($36.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $91k (1.0% of expenses). Other salaries and wages came to $147k. At year end it held assets of $30.2m against liabilities of $66k, net assets of $30.1m. It reported 4 employees.