New Mexico Bio Technology & Bio Medical Association
EIN: 850474465 · Albuquerque, NM · NTEE: S03
| Metric | Value |
|---|---|
| Total Revenue | $176K |
| Total Expenses | $251K |
| Net Assets | $41K |
Is New Mexico Bio Technology & Bio Medical Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New Mexico Bio Technology & Bio Medical Association
New Mexico Bio Technology & Bio Medical Association (EIN: 850474465) is a nonprofit organization based in Albuquerque, NM, classified under NTEE code S03. The organization reported total revenue of $176K and total assets of $27K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Mexico Bio Technology & Bio Medical Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Mexico Bio Technology & Bio Medical Association is a small nonprofit that has been operating for 25 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $184K |
| Total Expenses | $251K |
| Surplus / Deficit | $-66,798 |
| Total Assets | $41K |
| Net Assets | $41K |
| Operating Margin | -36.2% |
| Months of Reserves | 2.0 months |
Financial Health Grade: C
In 2023, New Mexico Bio Technology & Bio Medical Association reported a deficit of $67K with expenses exceeding revenue, holds 2.0 months of operating reserves (limited).
Financial Trends
Over 3 years of filings (2021–2023), New Mexico Bio Technology & Bio Medical Association's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.0% | +50.7% | -61.9% |
| 2022 | +15.5% | +11.7% | +41.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New Mexico Bio Technology & Bio Medical Association 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 New Mexico Bio Technology & Bio Medical Association 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 deficit of $67K, with expenses exceeding revenue.
Frequently Asked Questions about New Mexico Bio Technology & Bio Medical Association
Is New Mexico Bio Technology & Bio Medical Association a legitimate charity?
Based on AI analysis of IRS 990 filings, New Mexico Bio Technology & Bio Medical Association (EIN: 850474465) insufficient data. 0 red flags identified, 0 strengths noted.
How does New Mexico Bio Technology & Bio Medical Association spend its money?
Detailed spending breakdown data is not yet available for New Mexico Bio Technology & Bio Medical Association. Check back for updated IRS 990 analysis.
Are donations to New Mexico Bio Technology & Bio Medical Association tax-deductible?
New Mexico Bio Technology & Bio Medical Association is registered as a tax-exempt nonprofit (EIN: 850474465). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Mexico Bio Technology & Bio Medical Association located?
New Mexico Bio Technology & Bio Medical Association is headquartered in Albuquerque, New Mexico and files with the IRS under EIN 850474465. It is classified under NTEE code S03.
How many years of IRS 990 filings does New Mexico Bio Technology & Bio Medical Association have?
New Mexico Bio Technology & Bio Medical Association 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 $176K in total revenue.
Filing History
IRS 990 filing history for New Mexico Bio Technology & Bio Medical Association showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), New Mexico Bio Technology & Bio Medical Association's revenue has grown by 7.4%, moving from $172K to $184K. Total assets decreased by 46.2% over the same period, from $76K to $41K. Total functional expenses rose by 68.3%, from $149K to $251K. In its most recent filing year (2023), New Mexico Bio Technology & Bio Medical Association reported a deficit of $67K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $184K | $251K | $41K | $0 | — | — |
| 2022 | $198K | $167K | $108K | $0 | — | View 990 |
| 2021 | $172K | $149K | $76K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $184K, expenses of $251K, and assets of $41K (revenue -7.0% year-over-year).
- 2022: Revenue of $198K, expenses of $167K, and assets of $108K (revenue +15.5% year-over-year).
- 2021: Revenue of $172K, expenses of $149K, and assets of $76K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Mexico Bio Technology & Bio Medical Association:
Data Sources and Methodology
This transparency report for New Mexico Bio Technology & Bio Medical Association 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.