New Mexico Prosperity Project
New Mexico Prosperity Project faces significant revenue decline and operates at a deficit in recent years.
EIN: 205985552 · Albuquerque, NM · NTEE: S40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $16K |
| Total Expenses | $36K |
| Program Spending | 70% |
| Net Assets | $130 |
| Transparency Score | 45/100 |
Is New Mexico Prosperity Project Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Mexico Prosperity Project directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About New Mexico Prosperity Project
New Mexico Prosperity Project (EIN: 205985552) is a nonprofit organization based in Albuquerque, NM, classified under NTEE code S40. The organization reported total revenue of $16K and total assets of $130 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Mexico Prosperity Project's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Mexico Prosperity Project is a micro nonprofit that has been operating for 18 years, with 6 years of IRS 990 filings on record (2011–2016). Revenue has grown at a compound annual rate of -27.5%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $16K |
| Total Expenses | $36K |
| Surplus / Deficit | $-20,175 |
| Total Assets | $130 |
| Net Assets | $130 |
| Operating Margin | -124.2% |
| Months of Reserves | 0.0 months |
Financial Health Grade: C
In 2016, New Mexico Prosperity Project reported a deficit of $20K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 6 years of filings (2011–2016), New Mexico Prosperity Project's revenue has declined at a compound annual growth rate (CAGR) of -27.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -56.7% | -62.9% | -99.4% |
| 2015 | -65.3% | +41.8% | -75.0% |
| 2014 | +54.4% | +6.6% | +91.5% |
| 2013 | +0.0% | -3.8% | +13.2% |
| 2012 | -13.7% | +55.3% | +6.8% |
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 Prosperity Project with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, New Mexico Prosperity Project allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $20K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization is likely volunteer-led or has no paid officers, which is appropriate for an organization of its small and declining 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 Prosperity Project's IRS 990 filings:
- Significant and consistent decline in revenue from $108,106 in 2014 to $16,250 in 2016.
- Expenses consistently exceeding revenue in recent years (e.g., $36,425 expenses vs. $16,250 revenue in 2016).
- Very low asset base ($130 in 2016) relative to historical operations and expenses.
Strengths
The following positive indicators were identified for New Mexico Prosperity Project:
- Consistently reports 0% officer compensation, indicating a lean or volunteer-driven leadership.
- Maintains $0 in liabilities across all reported periods, suggesting no long-term debt burden.
Frequently Asked Questions about New Mexico Prosperity Project
Is New Mexico Prosperity Project a legitimate charity?
Based on AI analysis of IRS 990 filings, New Mexico Prosperity Project (EIN: 205985552) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does New Mexico Prosperity Project spend its money?
New Mexico Prosperity Project directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New Mexico Prosperity Project tax-deductible?
New Mexico Prosperity Project is registered as a tax-exempt nonprofit (EIN: 205985552). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Mexico Prosperity Project's spending goes to programs?
New Mexico Prosperity Project directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does New Mexico Prosperity Project compare to similar nonprofits?
With a transparency score of 45/100 (Fair), New Mexico Prosperity Project is near average for NTEE category S40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Mexico Prosperity Project located?
New Mexico Prosperity Project is headquartered in Albuquerque, New Mexico and files with the IRS under EIN 205985552. It is classified under NTEE code S40.
How many years of IRS 990 filings does New Mexico Prosperity Project have?
New Mexico Prosperity Project has 6 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 $16K in total revenue.
Is New Mexico Prosperity Project financially sustainable?
Based on the recent trend of expenses significantly exceeding revenue (e.g., $36,425 expenses vs. $16,250 revenue in 2016), the organization's current financial model appears unsustainable without a significant increase in funding or reduction in expenses.
What caused the sharp decline in revenue from 2014 to 2016?
The filings do not provide specific details, but revenue dropped from $108,106 in 2014 to $37,500 in 2015 and further to $16,250 in 2016, indicating a significant loss of funding sources or operational scale.
How does the organization cover its deficits?
With liabilities consistently reported as $0, the deficits (e.g., $20,175 in 2016) are likely covered by drawing down prior year surpluses or through unrecorded short-term financing, which is not transparent in the provided data.
Filing History
IRS 990 filing history for New Mexico Prosperity Project showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), New Mexico Prosperity Project's revenue has declined by 80%, moving from $81K to $16K. Total assets decreased by 99.6% over the same period, from $35K to $130. Total functional expenses fell by 16.3%, from $44K to $36K. In its most recent filing year (2016), New Mexico Prosperity Project reported a deficit of $20K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $16K | $36K | $130 | $0 | — | View 990 |
| 2015 | $38K | $98K | $20K | $0 | — | View 990 |
| 2014 | $108K | $69K | $81K | $0 | — | View 990 |
| 2013 | $70K | $65K | $42K | $0 | — | View 990 |
| 2012 | $70K | $68K | $37K | $0 | — | View 990 |
| 2011 | $81K | $44K | $35K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $16K, expenses of $36K, and assets of $130 (revenue -56.7% year-over-year).
- 2015: Revenue of $38K, expenses of $98K, and assets of $20K (revenue -65.3% year-over-year).
- 2014: Revenue of $108K, expenses of $69K, and assets of $81K (revenue +54.4% year-over-year).
- 2013: Revenue of $70K, expenses of $65K, and assets of $42K (revenue +0.0% year-over-year).
- 2012: Revenue of $70K, expenses of $68K, and assets of $37K (revenue -13.7% year-over-year).
- 2011: Revenue of $81K, expenses of $44K, and assets of $35K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Mexico Prosperity Project:
Data Sources and Methodology
This transparency report for New Mexico Prosperity Project 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.