New Mexico Heat Elite Inc
New Mexico Heat Elite Inc. shows minimal financial activity in recent years, historically operating on a small, volunteer-led budget.
EIN: 208428598 · Albuquerque, NM · NTEE: N62 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Program Spending | 90% |
| Net Assets | $5K |
| Transparency Score | 75/100 |
Is New Mexico Heat Elite Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Mexico Heat Elite Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Mexico Heat Elite Inc
New Mexico Heat Elite Inc (EIN: 208428598) is a nonprofit organization based in Albuquerque, NM, classified under NTEE code N62. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Mexico Heat Elite Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Mexico Heat Elite Inc is a micro nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2020).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -100.0% | -100.0% | +0.0% |
| 2019 | +416.8% | +165.2% | +73.0% |
| 2018 | -50.0% | +136.4% | -63.1% |
| 2017 | -65.1% | -87.9% | +1923.7% |
| 2016 | -38.7% | -29.6% | -90.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Heat Elite Inc 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, New Mexico Heat Elite Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all filings, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient for a small nonprofit.
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 Heat Elite Inc's IRS 990 filings:
- Zero revenue and expenses in the latest filing (202012) raises questions about current operational status.
Strengths
The following positive indicators were identified for New Mexico Heat Elite Inc:
- Consistent reporting of 0% officer compensation, indicating volunteer leadership.
- Maintained positive net assets in most years, demonstrating financial stability on a small scale.
- Consistent filing of IRS Form 990s, indicating compliance and transparency.
Frequently Asked Questions about New Mexico Heat Elite Inc
Is New Mexico Heat Elite Inc a legitimate charity?
New Mexico Heat Elite Inc (EIN: 208428598) is a registered tax-exempt nonprofit based in New Mexico. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. 1 red flag identified. 3 strengths noted. Financial health grade: B.
How does New Mexico Heat Elite Inc spend its money?
New Mexico Heat Elite Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to New Mexico Heat Elite Inc tax-deductible?
New Mexico Heat Elite Inc is registered as a tax-exempt nonprofit (EIN: 208428598). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does New Mexico Heat Elite Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), New Mexico Heat Elite Inc is above average for NTEE category N62 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Mexico Heat Elite Inc located?
New Mexico Heat Elite Inc is headquartered in Albuquerque, New Mexico and files with the IRS under EIN 208428598. It is classified under NTEE code N62.
How many years of IRS 990 filings does New Mexico Heat Elite Inc have?
New Mexico Heat Elite Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is New Mexico Heat Elite Inc. currently active?
The latest filing for period 202012 shows $0 revenue and $0 expenses, suggesting the organization may be dormant or operating entirely on non-monetary contributions not reflected in the 990-EZ summary.
How does the organization fund its operations without officer compensation?
The consistent reporting of 0% officer compensation indicates that the organization relies on volunteer leadership, allowing all monetary contributions to be directed towards program activities or operational expenses.
What is the typical scale of New Mexico Heat Elite Inc.'s operations?
Historically, the organization has operated on a very small scale, with annual revenues typically ranging from $6,000 to $56,120, and assets rarely exceeding a few thousand dollars.
Filing History
IRS 990 filing history for New Mexico Heat Elite Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2020), New Mexico Heat Elite Inc's revenue has declined by 100%, moving from $34K to $0. Total assets increased by 1462.8% over the same period, from $317 to $5K. Total functional expenses fell by 100%, from $29K to $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $0 | $0 | $5K | $0 | — | — |
| 2019 | $31K | $29K | $5K | $0 | — | View 990 |
| 2018 | $6K | $11K | $3K | $0 | — | View 990 |
| 2017 | $12K | $5K | $8K | $0 | — | View 990 |
| 2016 | $34K | $38K | $384 | $0 | — | View 990 |
| 2015 | $56K | $54K | $4K | $0 | — | View 990 |
| 2014 | $56K | $44K | $2K | $0 | — | View 990 |
| 2013 | $47K | $38K | $539 | $10K | — | View 990 |
| 2012 | $34K | $53K | $2K | $20K | — | View 990 |
| 2011 | $34K | $29K | $317 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $0, expenses of $0, and assets of $5K (revenue -100.0% year-over-year).
- 2019: Revenue of $31K, expenses of $29K, and assets of $5K (revenue +416.8% year-over-year).
- 2018: Revenue of $6K, expenses of $11K, and assets of $3K (revenue -50.0% year-over-year).
- 2017: Revenue of $12K, expenses of $5K, and assets of $8K (revenue -65.1% year-over-year).
- 2016: Revenue of $34K, expenses of $38K, and assets of $384 (revenue -38.7% year-over-year).
- 2015: Revenue of $56K, expenses of $54K, and assets of $4K (revenue +0.3% year-over-year).
- 2014: Revenue of $56K, expenses of $44K, and assets of $2K (revenue +19.5% year-over-year).
- 2013: Revenue of $47K, expenses of $38K, and assets of $539 (revenue +37.3% year-over-year).
- 2012: Revenue of $34K, expenses of $53K, and assets of $2K (revenue +1.4% year-over-year).
- 2011: Revenue of $34K, expenses of $29K, and assets of $317.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Mexico Heat Elite Inc:
Data Sources and Methodology
This transparency report for New Mexico Heat Elite Inc 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.