New Mexico Appleseed
New Mexico Appleseed reports a significant deficit in 2023 despite long-term asset growth and no executive compensation.
EIN: 204985257 · Albuquerque, NM · NTEE: S20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $566K |
| Total Expenses | $772K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $500,000. |
| Net Assets | $1.4M |
| Transparency Score | 85/100 |
Is New Mexico Appleseed Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Mexico Appleseed directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Mexico Appleseed
New Mexico Appleseed (EIN: 204985257) is a nonprofit organization based in Albuquerque, NM, classified under NTEE code S20. The organization reported total revenue of $566K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Mexico Appleseed's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Mexico Appleseed is a small nonprofit that has been operating for 15 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $284K |
| Total Expenses | $772K |
| Surplus / Deficit | $-488,199 |
| Total Assets | $1.5M |
| Total Liabilities | $38K |
| Net Assets | $1.4M |
| Operating Margin | -171.9% |
| Debt-to-Asset Ratio | 2.5% |
| Months of Reserves | 23.1 months |
Financial Health Grade: B
In 2023, New Mexico Appleseed reported a deficit of $488K with expenses exceeding revenue, holds 23.1 months of operating reserves (strong position), has a debt-to-asset ratio of 2.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Mexico Appleseed's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -69.9% | +2.2% | -26.0% |
| 2022 | -10.5% | -12.9% | +14.7% |
| 2021 | -17.5% | +18.7% | +7.5% |
| 2020 | +127.5% | +34.9% | +57.0% |
| 2019 | -24.3% | +14.6% | +3.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New Mexico Appleseed with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, New Mexico Appleseed allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $488K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.5%.
Executive Compensation Analysis
New Mexico Appleseed consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, directors, trustees, or key employees, which is highly commendable for an organization of its size with annual revenues often exceeding $500,000.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of New Mexico Appleseed's IRS 990 filings:
- Significant deficit in the most recent fiscal year (2023), with expenses ($772,236) far exceeding revenue ($284,037).
Strengths
The following positive indicators were identified for New Mexico Appleseed:
- Consistent reporting of 0% officer compensation across all filings, indicating strong financial stewardship.
- Substantial growth in net assets over the past decade, from $403,926 in 2014 to $1,483,416 in 2023.
- Demonstrated ability to manage significant revenue streams, with several years exceeding $700,000 in revenue.
Frequently Asked Questions about New Mexico Appleseed
Is New Mexico Appleseed a legitimate charity?
Based on AI analysis of IRS 990 filings, New Mexico Appleseed (EIN: 204985257) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does New Mexico Appleseed spend its money?
New Mexico Appleseed directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New Mexico Appleseed tax-deductible?
New Mexico Appleseed is registered as a tax-exempt nonprofit (EIN: 204985257). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New Mexico Appleseed CEO make?
New Mexico Appleseed's highest-compensated officer earns $500,000. annually. The organization reported $566K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New Mexico Appleseed's spending goes to programs?
New Mexico Appleseed directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New Mexico Appleseed compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), New Mexico Appleseed is above average for NTEE category S20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Mexico Appleseed located?
New Mexico Appleseed is headquartered in Albuquerque, New Mexico and files with the IRS under EIN 204985257. It is classified under NTEE code S20.
How many years of IRS 990 filings does New Mexico Appleseed have?
New Mexico Appleseed has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $566K in total revenue.
Is New Mexico Appleseed a good charity?
Based on the available data, New Mexico Appleseed appears to be a good charity. It demonstrates strong program focus with 0% officer compensation, indicating that funds are directed towards its mission. While the 2023 deficit is a concern, its long-term asset growth and consistent financial management in prior years suggest resilience.
What caused the significant deficit in 2023?
The IRS 990 data alone does not specify the exact cause of the $488,199 deficit in 2023 (Expenses $772,236 - Revenue $284,037). It could be due to a temporary dip in funding, a strategic investment in programs, or timing differences in grant receipts versus expenditures. Further investigation into their financial statements would be needed.
How has the organization's financial health changed over the past decade?
New Mexico Appleseed has seen substantial growth in assets, from $403,926 in 2014 to $1,483,416 in 2023, indicating long-term financial stability. Revenue and expenses have fluctuated, with peak revenue in 2020 ($1,278,639) and a notable dip in revenue in 2023 ($284,037) leading to a deficit.
Filing History
IRS 990 filing history for New Mexico Appleseed showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Mexico Appleseed's revenue has grown by 14.1%, moving from $249K to $284K. Total assets increased by 786.2% over the same period, from $167K to $1.5M. Total functional expenses rose by 268.8%, from $209K to $772K. In its most recent filing year (2023), New Mexico Appleseed reported a deficit of $488K, with expenses exceeding revenue. The organization holds $38K in liabilities against $1.5M in assets (debt-to-asset ratio: 2.5%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $284K | $772K | $1.5M | $38K | — | — |
| 2022 | $944K | $755K | $2.0M | $70K | — | View 990 |
| 2021 | $1.1M | $867K | $1.7M | $3K | — | View 990 |
| 2020 | $1.3M | $730K | $1.6M | $69K | — | View 990 |
| 2019 | $562K | $541K | $1.0M | $27K | — | View 990 |
| 2018 | $743K | $472K | $999K | $9K | — | View 990 |
| 2017 | $574K | $557K | $724K | $6K | — | View 990 |
| 2016 | $582K | $486K | $718K | $17K | — | View 990 |
| 2015 | $581K | $388K | $622K | $18K | — | View 990 |
| 2014 | $425K | $275K | $404K | $3K | — | View 990 |
| 2013 | $307K | $270K | $251K | $616 | — | View 990 |
| 2012 | $269K | $219K | $214K | $581 | — | View 990 |
| 2011 | $249K | $209K | $167K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $284K, expenses of $772K, and assets of $1.5M (revenue -69.9% year-over-year).
- 2022: Revenue of $944K, expenses of $755K, and assets of $2.0M (revenue -10.5% year-over-year).
- 2021: Revenue of $1.1M, expenses of $867K, and assets of $1.7M (revenue -17.5% year-over-year).
- 2020: Revenue of $1.3M, expenses of $730K, and assets of $1.6M (revenue +127.5% year-over-year).
- 2019: Revenue of $562K, expenses of $541K, and assets of $1.0M (revenue -24.3% year-over-year).
- 2018: Revenue of $743K, expenses of $472K, and assets of $999K (revenue +29.3% year-over-year).
- 2017: Revenue of $574K, expenses of $557K, and assets of $724K (revenue -1.4% year-over-year).
- 2016: Revenue of $582K, expenses of $486K, and assets of $718K (revenue +0.2% year-over-year).
- 2015: Revenue of $581K, expenses of $388K, and assets of $622K (revenue +36.6% year-over-year).
- 2014: Revenue of $425K, expenses of $275K, and assets of $404K (revenue +38.7% year-over-year).
- 2013: Revenue of $307K, expenses of $270K, and assets of $251K (revenue +14.2% year-over-year).
- 2012: Revenue of $269K, expenses of $219K, and assets of $214K (revenue +7.9% year-over-year).
- 2011: Revenue of $249K, expenses of $209K, and assets of $167K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Mexico Appleseed:
Data Sources and Methodology
This transparency report for New Mexico Appleseed 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.