New Mexico Heart Institute Foundation
New Mexico Heart Institute Foundation shows volatile revenue but strong asset growth and no executive compensation.
EIN: 201443608 · Albuquerque, NM · NTEE: T212 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $286K |
| Total Expenses | $140K |
| Program Spending | 80% |
| Net Assets | $789K |
| Transparency Score | 75/100 |
Is New Mexico Heart Institute Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Mexico Heart Institute Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Mexico Heart Institute Foundation
New Mexico Heart Institute Foundation (EIN: 201443608) is a nonprofit organization based in Albuquerque, NM, classified under NTEE code T212. The organization reported total revenue of $286K and total assets of $677K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Mexico Heart Institute Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Mexico Heart Institute Foundation is a small nonprofit that has been operating for 21 years, with 11 years of IRS 990 filings on record (2012–2022). Revenue has grown at a compound annual rate of 0.2%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $152K |
| Total Expenses | $140K |
| Surplus / Deficit | +$12K |
| Total Assets | $789K |
| Net Assets | $789K |
| Operating Margin | 7.9% |
| Months of Reserves | 67.7 months |
Financial Health Grade: A
In 2022, New Mexico Heart Institute Foundation reported a surplus of $12K with revenue exceeding expenses, holds 67.7 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2012–2022), New Mexico Heart Institute Foundation's revenue has grown at a compound annual growth rate (CAGR) of 0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +108.5% | +47.1% | +1.5% |
| 2021 | -61.1% | -60.7% | -2.9% |
| 2020 | -82.3% | +0.4% | -6.3% |
| 2019 | +358.2% | +1.3% | +1246.8% |
| 2018 | +21.0% | +24.3% | -4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Heart Institute Foundation with a Mission Score of 75 out of 100 (Good). 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 Heart Institute Foundation 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $12K, with revenue exceeding expenses.
Executive Compensation Analysis
The New Mexico Heart Institute Foundation consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly favorable for a nonprofit of its size.
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 Heart Institute Foundation's IRS 990 filings:
- Highly volatile revenue stream, making consistent planning difficult (e.g., $1,059,736 in 2019 vs. $72,843 in 2021).
- Lack of detailed expense breakdown in provided data makes precise spending efficiency assessment challenging.
Strengths
The following positive indicators were identified for New Mexico Heart Institute Foundation:
- Consistent reporting of 0% officer compensation, indicating strong resource allocation to mission.
- Significant growth in assets from $54,566 in 2013 to $788,681 in 2022, demonstrating financial health.
- Consistently low to zero liabilities in recent years, indicating good financial management.
Frequently Asked Questions about New Mexico Heart Institute Foundation
Is New Mexico Heart Institute Foundation a legitimate charity?
New Mexico Heart Institute Foundation (EIN: 201443608) is a registered tax-exempt nonprofit based in New Mexico. Our AI analysis gives it a Mission Score of 75/100. It has 11 years of IRS 990 filings on record. Total revenue: $286K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does New Mexico Heart Institute Foundation spend its money?
New Mexico Heart Institute Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to New Mexico Heart Institute Foundation tax-deductible?
New Mexico Heart Institute Foundation is registered as a tax-exempt nonprofit (EIN: 201443608). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Mexico Heart Institute Foundation's spending goes to programs?
New Mexico Heart Institute Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New Mexico Heart Institute Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), New Mexico Heart Institute Foundation is above average for NTEE category T212 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Mexico Heart Institute Foundation located?
New Mexico Heart Institute Foundation is headquartered in Albuquerque, New Mexico and files with the IRS under EIN 201443608. It is classified under NTEE code T212.
How many years of IRS 990 filings does New Mexico Heart Institute Foundation have?
New Mexico Heart Institute Foundation has 11 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 $286K in total revenue.
Is the New Mexico Heart Institute Foundation financially stable?
Yes, despite revenue volatility, the foundation appears financially stable, evidenced by its significant asset growth from $54,566 in 2013 to $788,681 in 2022 and consistently low to zero liabilities in recent years.
How does the organization manage executive compensation?
The organization reports 0% officer compensation in all available filings, meaning no funds are used for executive salaries, which is a strong positive for resource allocation.
What caused the significant revenue spike in 2019?
The filing data shows a revenue spike to $1,059,736 in 2019, which is an outlier compared to other years. Without further detail from the 990, the specific cause (e.g., a large one-time donation or grant) is unclear.
How efficient is the organization's spending?
While the organization reports total expenses, a detailed breakdown of program, administrative, and fundraising expenses is not provided in the summary data. However, the absence of officer compensation suggests a focus on mission-related spending.
Filing History
IRS 990 filing history for New Mexico Heart Institute Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2022), New Mexico Heart Institute Foundation's revenue has grown by 1.6%, moving from $150K to $152K. Total assets increased by 1454.3% over the same period, from $51K to $789K. Total functional expenses fell by 2.4%, from $143K to $140K. In its most recent filing year (2022), New Mexico Heart Institute Foundation reported a surplus of $12K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $152K | $140K | $789K | $0 | — | View 990 |
| 2021 | $73K | $95K | $777K | $0 | — | View 990 |
| 2020 | $187K | $242K | $800K | $646 | — | — |
| 2019 | $1.1M | $241K | $854K | $0 | — | View 990 |
| 2018 | $231K | $238K | $63K | $28K | — | View 990 |
| 2017 | $191K | $192K | $66K | $25K | — | View 990 |
| 2016 | $184K | $143K | $69K | $26K | — | View 990 |
| 2015 | $170K | $193K | $57K | $56K | — | View 990 |
| 2014 | $193K | $207K | $76K | $52K | — | View 990 |
| 2013 | $162K | $171K | $55K | $17K | — | View 990 |
| 2012 | $150K | $143K | $51K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $152K, expenses of $140K, and assets of $789K (revenue +108.5% year-over-year).
- 2021: Revenue of $73K, expenses of $95K, and assets of $777K (revenue -61.1% year-over-year).
- 2020: Revenue of $187K, expenses of $242K, and assets of $800K (revenue -82.3% year-over-year).
- 2019: Revenue of $1.1M, expenses of $241K, and assets of $854K (revenue +358.2% year-over-year).
- 2018: Revenue of $231K, expenses of $238K, and assets of $63K (revenue +21.0% year-over-year).
- 2017: Revenue of $191K, expenses of $192K, and assets of $66K (revenue +4.0% year-over-year).
- 2016: Revenue of $184K, expenses of $143K, and assets of $69K (revenue +8.1% year-over-year).
- 2015: Revenue of $170K, expenses of $193K, and assets of $57K (revenue -12.1% year-over-year).
- 2014: Revenue of $193K, expenses of $207K, and assets of $76K (revenue +19.6% year-over-year).
- 2013: Revenue of $162K, expenses of $171K, and assets of $55K (revenue +8.0% year-over-year).
- 2012: Revenue of $150K, expenses of $143K, and assets of $51K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Mexico Heart Institute Foundation:
Data Sources and Methodology
This transparency report for New Mexico Heart Institute Foundation 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.