New Mexico Military Institute Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,964,790 | 2,149,666 | 815,124 | 362.2 | 8% |
| 2021 | 2,696,137 | 2,275,432 | 420,705 | 426.1 | 7% |
| 2022 | 5,073,152 | 2,342,210 | 2,730,942 | 366.1 | 8% |
| 2023 | 8,432,637 | 2,704,733 | 5,727,904 | 344.3 | 7% |
| 2024 | 4,351,683 | 2,862,695 | 1,488,988 | 358.3 | 7% |
In its most recent public year (2024), this organization brought in $1,488,988 more than it spent. Its reserves stood at about 358.3 months of spending, down from 362.2 in 2020. Staff pay was 7% of spending. $60,696,504 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 2024. 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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