New Mexico Association of Community Partners

Analysis

New Mexico Association of Community Partners is a registered charity in United States, based in Rio Rancho, NM. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Association of Community Partners reported income of $240k and spending of $184k, leaving 23% of income unspent that year. Across the 4 years on record, from June 2020 to June 2024, income grew from $157k to $240k (+53%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 105%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New Mexico Association of Community Partners sits at the 54th percentile: it is larger than about 54% 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 Harbor Community Development Corp ($240k), NYC Building and Construction Industry Safety Fund ($240k) and Good Beginnings ($240k).

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 $57k (31% of expenses). Other salaries and wages came to $55k. At year end it held assets of $129k against liabilities of $20k, net assets of $109k. It reported 3 employees.