The New Mexico Baptist Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 3,368,439 | 1,320,718 | 2,047,721 | 69.1 | 42% |
| 2015 | 2,040,632 | 1,544,582 | 496,050 | 56.6 | 43% |
| 2016 | 1,864,103 | 1,611,658 | 252,445 | 58.4 | 42% |
| 2017 | 1,615,434 | 1,453,728 | 161,706 | 71.7 | 43% |
| 2018 | 2,111,854 | 1,367,082 | 744,772 | 72.0 | 44% |
| 2019 | 2,113,203 | 1,633,467 | 479,736 | 72.0 | 38% |
| 2020 | 1,655,131 | 1,494,915 | 160,216 | 84.6 | 43% |
| 2021 | 1,801,969 | 1,705,412 | 96,557 | 89.4 | 36% |
| 2022 | 2,609,401 | 1,750,613 | 858,788 | 77.1 | 37% |
| 2023 | 2,466,429 | 2,620,542 | −154,113 | 59.0 | 31% |
In its most recent public year (2023), this organization spent $154,113 more than it brought in. Its reserves stood at about 59 months of spending, down from 69.1 in 2014. Staff pay was 31% of spending. $5,536,057 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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