University of New Mexico Alumni Association

Analysis

University of New Mexico Alumni Association is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in January 1964, 62 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University of New Mexico Alumni Association reported income of $817k and spending of $781k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $817k (-32%), an average of -9.3% a year. The sharpest change came in the year to June 2023, when income dropped by 23%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of New Mexico Alumni Association sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within NM. Charities of a similar size with the same main cause include Bevill State Community College Foundation Inc ($816k), New American Conservatory Inc ($817k) and North Alabama Electrical Joint Apprenticeship & Training TR Fund ($816k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% and program service revenue 1.0% of the total. At year end it held assets of $10.7m against liabilities of $16k, net assets of $10.6m.