New Mexico Property Insurance Program
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 3,510,300 | 5,533,302 | −2,023,002 | 16.8 | 5% |
| 2011 | 3,557,501 | 2,671,876 | 885,625 | 38.7 | 10% |
| 2012 | 3,733,752 | 6,453,260 | −2,719,508 | 11.0 | 4% |
| 2013 | 4,050,845 | 2,950,605 | 1,100,240 | 28.5 | 10% |
| 2014 | 4,490,851 | 4,287,345 | 203,506 | 20.2 | 7% |
| 2015 | 4,832,271 | 4,198,046 | 634,225 | 22.4 | 7% |
| 2016 | 4,884,995 | 3,786,323 | 1,098,672 | 28.3 | 9% |
| 2017 | 5,132,822 | 7,480,757 | −2,347,935 | 10.6 | 4% |
| 2018 | 5,087,583 | 2,763,275 | 2,324,308 | 38.7 | 13% |
| 2019 | 5,308,672 | 4,832,099 | 476,573 | 23.4 | 7% |
| 2020 | 5,178,312 | 4,243,137 | 935,175 | 29.2 | 9% |
| 2021 | 4,751,492 | 4,784,548 | −33,056 | 25.8 | 8% |
| 2022 | 4,630,797 | 5,064,739 | −433,942 | 23.4 | 7% |
| 2023 | 5,049,689 | 11,433,156 | −6,383,467 | 3.7 | 3% |
In its most recent public year (2023), this organization spent $6,383,467 more than it brought in. Its reserves stood at about 3.7 months of spending, down from 16.8 in 2010. Staff pay was 3% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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