Black Health New Mexico
EIN: 824558762 · Santa Fe, NM · NTEE: B01
| Metric | Value |
|---|---|
| Total Revenue | $544K |
| Total Expenses | $578K |
| Net Assets | $889K |
Is Black Health New Mexico Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Black Health New Mexico
Black Health New Mexico (EIN: 824558762) is a nonprofit organization based in Santa Fe, NM, classified under NTEE code B01. The organization reported total revenue of $544K and total assets of $762K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Black Health New Mexico's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Black Health New Mexico is a small nonprofit that has been operating for 8 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 79.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $578K |
| Surplus / Deficit | +$624K |
| Total Assets | $897K |
| Total Liabilities | $8K |
| Net Assets | $889K |
| Operating Margin | 51.9% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 18.6 months |
Financial Health Grade: A
In 2023, Black Health New Mexico reported a surplus of $624K with revenue exceeding expenses, holds 18.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 4 years of filings (2020–2023), Black Health New Mexico's revenue has grown at a compound annual growth rate (CAGR) of 79.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +227.9% | +51.7% | +239.4% |
| 2022 | +15.3% | +89.5% | -4.1% |
| 2021 | +53.2% | +236.7% | +73.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Black Health New Mexico has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Black Health New Mexico with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $624K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.9%.
Frequently Asked Questions about Black Health New Mexico
Is Black Health New Mexico a legitimate charity?
Based on AI analysis of IRS 990 filings, Black Health New Mexico (EIN: 824558762) insufficient data. 0 red flags identified, 0 strengths noted.
How does Black Health New Mexico spend its money?
Detailed spending breakdown data is not yet available for Black Health New Mexico. Check back for updated IRS 990 analysis.
Are donations to Black Health New Mexico tax-deductible?
Black Health New Mexico is registered as a tax-exempt nonprofit (EIN: 824558762). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Black Health New Mexico located?
Black Health New Mexico is headquartered in Santa Fe, New Mexico and files with the IRS under EIN 824558762. It is classified under NTEE code B01.
How many years of IRS 990 filings does Black Health New Mexico have?
Black Health New Mexico has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $544K in total revenue.
Filing History
IRS 990 filing history for Black Health New Mexico showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Black Health New Mexico's revenue has grown by 479.2%, moving from $208K to $1.2M. Total assets increased by 465.2% over the same period, from $159K to $897K. Total functional expenses rose by 868.1%, from $60K to $578K. In its most recent filing year (2023), Black Health New Mexico reported a surplus of $624K, with revenue exceeding expenses. The organization holds $8K in liabilities against $897K in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $889K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $578K | $897K | $8K | — | — |
| 2022 | $367K | $381K | $264K | $0 | — | — |
| 2021 | $318K | $201K | $276K | $0 | — | View 990 |
| 2020 | $208K | $60K | $159K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $578K, and assets of $897K (revenue +227.9% year-over-year).
- 2022: Revenue of $367K, expenses of $381K, and assets of $264K (revenue +15.3% year-over-year).
- 2021: Revenue of $318K, expenses of $201K, and assets of $276K (revenue +53.2% year-over-year).
- 2020: Revenue of $208K, expenses of $60K, and assets of $159K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Black Health New Mexico:
Data Sources and Methodology
This transparency report for Black Health New Mexico is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.