New Mexico Military Institute Foundation Inc

Analysis

New Mexico Military Institute Foundation Inc is a registered charity in United States, based in Roswell, NM. It received its IRS tax-exemption ruling in October 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, New Mexico Military Institute Foundation Inc reported income of $4.4m and spending of $2.9m, leaving 34% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.0m to $4.4m (+47%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 88%. Over the whole period it spent 52% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Mexico Military Institute Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within NM. Charities of a similar size with the same main cause include Spring Branch Education Foundation ($4.4m), Cambridge Academy-East Inc ($4.4m) and American Paradigm Schools ($4.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 39% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $132k (4.6% of expenses). Other salaries and wages came to $67k. At year end it held assets of $86.0m against liabilities of $534k, net assets of $85.5m. It reported 2 employees.