New Space New Mexico
EIN: 841966957 · Albuquerque, NM · NTEE: C99
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $2.1M |
| Net Assets | $353K |
Is New Space New Mexico Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New Space New Mexico
New Space New Mexico (EIN: 841966957) is a nonprofit organization based in Albuquerque, NM, classified under NTEE code C99. The organization reported total revenue of $2.5M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Space New Mexico's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Space New Mexico is a mid-size nonprofit that has been operating for 7 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 54.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.1M |
| Surplus / Deficit | +$102K |
| Total Assets | $742K |
| Total Liabilities | $390K |
| Net Assets | $353K |
| Operating Margin | 4.7% |
| Debt-to-Asset Ratio | 52.5% |
| Months of Reserves | 4.3 months |
Financial Health Grade: A
In 2023, New Space New Mexico reported a surplus of $102K with revenue exceeding expenses, holds 4.3 months of operating reserves (adequate), has a debt-to-asset ratio of 52.5% (high leverage).
Financial Trends
Over 4 years of filings (2020–2023), New Space New Mexico's revenue has grown at a compound annual growth rate (CAGR) of 54.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.2% | +3.2% | +28.0% |
| 2022 | +124.8% | +107.5% | +42.8% |
| 2021 | +53.9% | +73.7% | +98.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New Space New Mexico 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 Space New Mexico 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 surplus of $102K, with revenue exceeding expenses.
- Debt-to-asset ratio: 52.5%.
Frequently Asked Questions about New Space New Mexico
Is New Space New Mexico a legitimate charity?
Based on AI analysis of IRS 990 filings, New Space New Mexico (EIN: 841966957) insufficient data. 0 red flags identified, 0 strengths noted.
How does New Space New Mexico spend its money?
Detailed spending breakdown data is not yet available for New Space New Mexico. Check back for updated IRS 990 analysis.
Are donations to New Space New Mexico tax-deductible?
New Space New Mexico is registered as a tax-exempt nonprofit (EIN: 841966957). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Space New Mexico located?
New Space New Mexico is headquartered in Albuquerque, New Mexico and files with the IRS under EIN 841966957. It is classified under NTEE code C99.
How many years of IRS 990 filings does New Space New Mexico have?
New Space New Mexico has 4 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 $2.5M in total revenue.
Filing History
IRS 990 filing history for New Space New Mexico showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), New Space New Mexico's revenue has grown by 267.3%, moving from $594K to $2.2M. Total assets increased by 262.3% over the same period, from $205K to $742K. Total functional expenses rose by 271.7%, from $560K to $2.1M. In its most recent filing year (2023), New Space New Mexico reported a surplus of $102K, with revenue exceeding expenses. The organization holds $390K in liabilities against $742K in assets (debt-to-asset ratio: 52.5%), resulting in net assets of $353K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $2.1M | $742K | $390K | — | — |
| 2022 | $2.1M | $2.0M | $580K | $559K | — | View 990 |
| 2021 | $915K | $972K | $406K | $424K | — | View 990 |
| 2020 | $594K | $560K | $205K | $165K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $2.1M, and assets of $742K (revenue +6.2% year-over-year).
- 2022: Revenue of $2.1M, expenses of $2.0M, and assets of $580K (revenue +124.8% year-over-year).
- 2021: Revenue of $915K, expenses of $972K, and assets of $406K (revenue +53.9% year-over-year).
- 2020: Revenue of $594K, expenses of $560K, and assets of $205K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Space New Mexico:
Data Sources and Methodology
This transparency report for New Space New Mexico 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.