Progressnow New Mexico Education Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 132,237 | 152,451 | −20,214 | 2.2 | — |
| 2014 | 145,410 | 110,061 | 35,349 | 6.9 | — |
| 2015 | 232,955 | 268,960 | −36,005 | 1.2 | 0% |
| 2016 | 333,223 | 309,834 | 23,389 | 1.9 | 0% |
| 2017 | 283,929 | 283,290 | 639 | -3.1 | 0% |
| 2018 | 484,317 | 310,405 | 173,912 | 4.9 | 0% |
| 2019 | 872,603 | 534,995 | 337,608 | 10.6 | 57% |
| 2020 | 999,401 | 651,022 | 348,379 | 15.1 | 58% |
| 2021 | 1,020,678 | 1,056,449 | −35,771 | 8.9 | 50% |
| 2022 | 1,285,361 | 951,503 | 333,858 | 14.1 | 61% |
| 2023 | 706,140 | 1,037,851 | −331,711 | 9.1 | 70% |
In its most recent public year (2023), this organization spent $331,711 more than it brought in. Its reserves stood at about 9.1 months of spending, up from 2.2 in 2013. Staff pay was 70% of spending. $402,000 of its net assets are donor-restricted.
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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