New Mexico Chile Association
New Mexico Chile Association maintains stable finances with consistent surpluses and no reported liabilities.
EIN: 204186547 · Mesquite, NM · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $51K |
| Total Expenses | $76K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $97,820 |
| Net Assets | $83K |
| Transparency Score | 85/100 |
Is New Mexico Chile Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Mexico Chile Association directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Mexico Chile Association
New Mexico Chile Association (EIN: 204186547) is a nonprofit organization based in Mesquite, NM, classified under NTEE code S41. The organization reported total revenue of $51K and total assets of $78K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Mexico Chile Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Mexico Chile Association is a micro nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). 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 | $98K |
| Total Expenses | $76K |
| Surplus / Deficit | +$22K |
| Total Assets | $83K |
| Net Assets | $83K |
| Operating Margin | 22.5% |
| Months of Reserves | 13.2 months |
Financial Health Grade: A
In 2023, New Mexico Chile Association reported a surplus of $22K with revenue exceeding expenses, holds 13.2 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), New Mexico Chile Association's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -29.7% | -41.9% | +35.8% |
| 2022 | +21.3% | +20.4% | +16.4% |
| 2021 | +39.2% | -1.7% | +13.6% |
| 2020 | +2.3% | +21.3% | -37.5% |
| 2019 | -32.1% | -16.2% | -20.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 Chile Association 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 Chile Association 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 surplus of $22K, with revenue exceeding expenses.
Executive Compensation Analysis
The New Mexico Chile Association consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through non-officer roles, which is a positive sign for a small organization of its size (latest revenue $97,820).
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 Chile Association's IRS 990 filings:
- Lack of detailed program vs. administrative spending breakdown in provided data (though common for summary data)
Strengths
The following positive indicators were identified for New Mexico Chile Association:
- Consistent financial stability with zero reported liabilities across all filings.
- Regularly files IRS Form 990s, indicating strong transparency.
- Consistent reporting of 0% officer compensation, suggesting efficient use of funds for mission.
- Positive trend in asset growth from $46,393 in 2020 to $83,361 in 2023.
- Expenses generally managed below or close to revenue, leading to surpluses in most recent years.
Frequently Asked Questions about New Mexico Chile Association
Is New Mexico Chile Association a legitimate charity?
New Mexico Chile Association (EIN: 204186547) is a registered tax-exempt nonprofit based in New Mexico. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $51K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does New Mexico Chile Association spend its money?
New Mexico Chile Association directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to New Mexico Chile Association tax-deductible?
New Mexico Chile Association is registered as a tax-exempt nonprofit (EIN: 204186547). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New Mexico Chile Association CEO make?
New Mexico Chile Association's highest-compensated officer earns $97,820 annually. The organization reported $51K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New Mexico Chile Association's spending goes to programs?
New Mexico Chile Association directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New Mexico Chile Association compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), New Mexico Chile Association is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Mexico Chile Association located?
New Mexico Chile Association is headquartered in Mesquite, New Mexico and files with the IRS under EIN 204186547. It is classified under NTEE code S41.
How many years of IRS 990 filings does New Mexico Chile Association have?
New Mexico Chile Association 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 $51K in total revenue.
Is the New Mexico Chile Association financially stable?
Yes, the organization appears financially stable. It consistently reports zero liabilities and has shown asset growth from $46,393 in 2020 to $83,361 in 2023. Most recent filings also show a surplus of revenue over expenses.
Does the New Mexico Chile Association pay its officers?
Based on the provided IRS 990 data, the New Mexico Chile Association consistently reports 0% officer compensation across all 13 filings, suggesting officers are not compensated or are volunteers.
How has the organization's revenue trended recently?
The organization's revenue has fluctuated. After a peak of $139,122 in 2022, it decreased to $97,820 in 2023, but remains within its historical range.
What is the organization's asset position?
The New Mexico Chile Association has a healthy asset position, with assets growing from $46,393 in 2020 to $83,361 in 2023, and no reported liabilities.
Filing History
IRS 990 filing history for New Mexico Chile Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Mexico Chile Association's revenue has grown by 52.5%, moving from $64K to $98K. Total assets increased by 18.8% over the same period, from $70K to $83K. Total functional expenses rose by 99.6%, from $38K to $76K. In its most recent filing year (2023), New Mexico Chile Association reported a surplus of $22K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $98K | $76K | $83K | $0 | — | — |
| 2022 | $139K | $130K | $61K | $0 | — | View 990 |
| 2021 | $115K | $108K | $53K | $0 | — | View 990 |
| 2020 | $82K | $110K | $46K | $0 | — | View 990 |
| 2019 | $81K | $91K | $74K | $0 | — | View 990 |
| 2018 | $119K | $108K | $93K | $0 | — | View 990 |
| 2017 | $86K | $120K | $83K | $0 | — | View 990 |
| 2016 | $154K | $142K | $113K | $0 | — | View 990 |
| 2015 | $75K | $91K | $66K | $0 | — | View 990 |
| 2014 | $98K | $94K | $83K | $0 | — | View 990 |
| 2013 | $43K | $39K | $79K | $0 | — | View 990 |
| 2012 | $47K | $42K | $75K | $0 | — | View 990 |
| 2011 | $64K | $38K | $70K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $98K, expenses of $76K, and assets of $83K (revenue -29.7% year-over-year).
- 2022: Revenue of $139K, expenses of $130K, and assets of $61K (revenue +21.3% year-over-year).
- 2021: Revenue of $115K, expenses of $108K, and assets of $53K (revenue +39.2% year-over-year).
- 2020: Revenue of $82K, expenses of $110K, and assets of $46K (revenue +2.3% year-over-year).
- 2019: Revenue of $81K, expenses of $91K, and assets of $74K (revenue -32.1% year-over-year).
- 2018: Revenue of $119K, expenses of $108K, and assets of $93K (revenue +37.5% year-over-year).
- 2017: Revenue of $86K, expenses of $120K, and assets of $83K (revenue -44.1% year-over-year).
- 2016: Revenue of $154K, expenses of $142K, and assets of $113K (revenue +105.9% year-over-year).
- 2015: Revenue of $75K, expenses of $91K, and assets of $66K (revenue -23.2% year-over-year).
- 2014: Revenue of $98K, expenses of $94K, and assets of $83K (revenue +128.5% year-over-year).
- 2013: Revenue of $43K, expenses of $39K, and assets of $79K (revenue -8.7% year-over-year).
- 2012: Revenue of $47K, expenses of $42K, and assets of $75K (revenue -27.1% year-over-year).
- 2011: Revenue of $64K, expenses of $38K, and assets of $70K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Mexico Chile Association:
Data Sources and Methodology
This transparency report for New Mexico Chile 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.