Quick charity verification for New Mexico Heart Institute Foundation (EIN: 201443608)
Verdict: New Mexico Heart Institute Foundation appears trustworthy
75/100Mission Score
$286KRevenue
$677KAssets
2Red Flags
3Strengths
Red Flags
Highly volatile revenue stream, making consistent planning difficult (e.g., $1,059,736 in 2019 vs. $72,843 in 2021).
Lack of detailed expense breakdown in provided data makes precise spending efficiency assessment challenging.
Strengths
Consistent reporting of 0% officer compensation, indicating strong resource allocation to mission.
Significant growth in assets from $54,566 in 2013 to $788,681 in 2022, demonstrating financial health.
Consistently low to zero liabilities in recent years, indicating good financial management.
Spending Breakdown
How New Mexico Heart Institute Foundation allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about New Mexico Heart Institute Foundation
Is New Mexico Heart Institute Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, New Mexico Heart Institute Foundation (EIN: 201443608) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is New Mexico Heart Institute Foundation a good charity to donate to?
New Mexico Heart Institute Foundation has a Mission Score of 75/100. Revenue: $286K. Assets: $677K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New Mexico Heart Institute Foundation?
The Employer Identification Number (EIN) for New Mexico Heart Institute Foundation is 201443608. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does New Mexico Heart Institute Foundation spend its money?
New Mexico Heart Institute Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New Mexico Heart Institute Foundation's tax-exempt status?
You can verify New Mexico Heart Institute Foundation's tax-exempt status using EIN 201443608 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The New Mexico Heart Institute Foundation demonstrates a mixed financial picture. While the organization has shown periods of strong revenue, such as the $1,059,736 reported in 2019, its revenue has been highly variable, dropping significantly in subsequent years to $72,843 in 2021 before recovering to $151,901 in 2022. This volatility makes long-term financial planning and consistent program delivery challenging. The foundation consistently reports zero officer compensation, which is a positive indicator of resource allocation towards its mission rather than executive salaries. However, without a detailed breakdown of expenses beyond total expenses, it's difficult to fully assess spending efficiency between programs, administration, and fundraising. The organization's assets have grown substantially from $54,566 in 2013 to $788,681 in 2022, indicating good asset management and financial stability over time, especially with liabilities consistently reported at or near zero in recent years.