Health Equity Alliance For Lgbtq New Mexicans
EIN: 853381532 · Albuquerque, NM · NTEE: E70
| Metric | Value |
|---|---|
| Total Revenue | $262K |
| Total Expenses | $254K |
| Net Assets | $73K |
Is Health Equity Alliance For Lgbtq New Mexicans Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Health Equity Alliance For Lgbtq New Mexicans
Health Equity Alliance For Lgbtq New Mexicans (EIN: 853381532) is a nonprofit organization based in Albuquerque, NM, classified under NTEE code E70. The organization reported total revenue of $262K and total assets of $68K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Health Equity Alliance For Lgbtq New Mexicans's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Health Equity Alliance For Lgbtq New Mexicans is a small nonprofit that has been operating for 5 years, with 3 years of IRS 990 filings on record (2022–2024). Revenue has grown at a compound annual rate of 30.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $237K |
| Total Expenses | $254K |
| Surplus / Deficit | $-17,014 |
| Total Assets | $78K |
| Total Liabilities | $6K |
| Net Assets | $73K |
| Operating Margin | -7.2% |
| Debt-to-Asset Ratio | 7.4% |
| Months of Reserves | 3.7 months |
Financial Health Grade: B
In 2024, Health Equity Alliance For Lgbtq New Mexicans reported a deficit of $17K with expenses exceeding revenue, holds 3.7 months of operating reserves (adequate), has a debt-to-asset ratio of 7.4% (very low leverage).
Financial Trends
Over 3 years of filings (2022–2024), Health Equity Alliance For Lgbtq New Mexicans's revenue has grown at a compound annual growth rate (CAGR) of 30.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +24.8% | +90.6% | -14.9% |
| 2023 | +37.3% | +25.7% | +166.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Health Equity Alliance For Lgbtq New Mexicans 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 Health Equity Alliance For Lgbtq New Mexicans 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $17K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.4%.
Frequently Asked Questions about Health Equity Alliance For Lgbtq New Mexicans
Is Health Equity Alliance For Lgbtq New Mexicans a legitimate charity?
Health Equity Alliance For Lgbtq New Mexicans (EIN: 853381532) is a registered tax-exempt nonprofit based in New Mexico. It has 3 years of IRS 990 filings on record. Total revenue: $262K. No red flags identified. Financial health grade: B.
How does Health Equity Alliance For Lgbtq New Mexicans spend its money?
Health Equity Alliance For Lgbtq New Mexicans reported $262K in total revenue in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Health Equity Alliance For Lgbtq New Mexicans tax-deductible?
Health Equity Alliance For Lgbtq New Mexicans is registered as a tax-exempt nonprofit (EIN: 853381532). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Health Equity Alliance For Lgbtq New Mexicans located?
Health Equity Alliance For Lgbtq New Mexicans is headquartered in Albuquerque, New Mexico and files with the IRS under EIN 853381532. It is classified under NTEE code E70.
How many years of IRS 990 filings does Health Equity Alliance For Lgbtq New Mexicans have?
Health Equity Alliance For Lgbtq New Mexicans has 3 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 $262K in total revenue.
Filing History
IRS 990 filing history for Health Equity Alliance For Lgbtq New Mexicans showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2022–2024), Health Equity Alliance For Lgbtq New Mexicans's revenue has grown by 71.3%, moving from $138K to $237K. Total assets increased by 126.6% over the same period, from $35K to $78K. Total functional expenses rose by 139.7%, from $106K to $254K. In its most recent filing year (2024), Health Equity Alliance For Lgbtq New Mexicans reported a deficit of $17K, with expenses exceeding revenue. The organization holds $6K in liabilities against $78K in assets (debt-to-asset ratio: 7.4%), resulting in net assets of $73K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $237K | $254K | $78K | $6K | — | — |
| 2023 | $190K | $133K | $92K | $3K | — | View 990 |
| 2022 | $138K | $106K | $35K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $237K, expenses of $254K, and assets of $78K (revenue +24.8% year-over-year).
- 2023: Revenue of $190K, expenses of $133K, and assets of $92K (revenue +37.3% year-over-year).
- 2022: Revenue of $138K, expenses of $106K, and assets of $35K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Health Equity Alliance For Lgbtq New Mexicans:
Data Sources and Methodology
This transparency report for Health Equity Alliance For Lgbtq New Mexicans 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.