There are 6,556 nonprofits in New Mexico that have incorporated and received 501(c)3 status from the IRS. These represent the largest universe of reported nonprofits in the state. The IRS lists 10,947 active tax-exempt organizations operating in New Mexico, including 8,850 501(c)(3)s, to which you can make a tax-deductible donation. New Mexico nonprofit organizations reported $8.92 billion in revenue on their most recent tax filings. Combined, these New Mexican nonprofits employ 75,473 people, earn more than $10 billion in revenue each year, and have assets of $26 billion.
While this social network analysis certainly does not include all New Mexico nonprofits, it does show that nonprofits in the state have great potential to weave together a strong, dynamic, and collaborative network to advance the common good. Our analysis only looked at organizations’ connections to their five closest partners, but organizations report maintaining partnerships with 26 other organizations on average.
To start a nonprofit corporation in New Mexico, you must file nonprofit articles of incorporation with the New Mexico Secretary of State. You can submit your nonprofit’s articles of incorporation in person, by mail, and online. The articles of incorporation cost $25 to file. Once filed with the state, your articles of incorporation officially create your New Mexico nonprofit corporation, but truly preparing a nonprofit to pursue its mission involves several additional steps.
Within 10 business days after submitting your application to the New Mexico Secretary of State Department, you should get a response. If your application is granted, you will get your Articles of Incorporation at this time. Congratulations on forming your charity in New Mexico. Your nonprofit company must have at least three directors under New Mexico law. You’ll need to add their names to your New Mexico Articles of Incorporation once you’ve chosen your directors.
To fulfill IRS regulations, you’ll need to identify three unconnected people. Choosing the correct name is one of the most essential decisions any entrepreneur will make. We’re here to assist with our comprehensive guide on selecting, verifying, and registering a charity name in New Mexico in four simple stages. New Mexico is one of very few states that allow online registration. According to Guidestar, regulation of nonprofit activity protects donors and organizations from potential fraud and helps "to maintain trust in the [nonprofit] sector."
Which state has the most nonprofits?
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What city in the US has the most nonprofits?
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