New Mexico · Nonprofit
NEW MEXICO CENTER FOR ECONOMIC OPPORTUNITY INC
NEW MEXICO CENTER FOR ECONOMIC OPPORTUNITY INC (New Mexico) receives grants from 2 organizations whose IRS filings report $65,000 to it, the largest being THORNBURG FOUNDATION ($40,000). 0 of them have funded it in more than one year.
- Revenue FY2025
- $661k
- Funders on record
- 2
- Grants received
- $65k
- Net assets
- $1.4M
What New Mexico Center for Economic Opportunity Inc does
Mission
To develop best practice, data driven research and programs to help grow and diversify our state's economy and workforce.
As stated on its FY2025 Form 990.
Programs
Be pro be proud career technical education engagement program called "be pro be proud". Uses a semi-truck and trailer to provide technical career simulators to junior high and high school students in new mexico. Program in development and construction, launched in schools october / november 2023.
$396,316 spentof which $316 as grants86% of program spendingLegislative symposium series - quarterly educational series supporting a bi-partisan group of legislators with best practice policy research and experts in key economic development areas including infrastructure, education and workforce, and entreprenurial ecosystem development.
$56,147 spent12% of program spendingEconomic diversification and competitiveness research report - researching emerging industry challenges and opportunities to diversify new mexico's economy. Analysis of economic competitiveness factors to support economic growth.
$10,680 spentof which $10,000 as grants2% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $463,143.
The organization over time
Each line starts at 100 in 2022, so what you read is the shape rather than the size: 150 means half as much again as 2022, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $56k to $1.3M (+2229%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2024 69%. Grants only. Government contracts and fees sit inside program revenue.
100% of NEW MEXICO CENTER FOR ECONOMIC OPPORTUNITY INC’s revenue is contributions — more donation-reliant than the typical peer (84% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 4 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Rob Leming
President & CEO, chair
As listed on its FY2025 Form 990.
Who funds it, year by year
Grant support over time, funder by funder — shade shows the grant size each year.
From the IRS filings of NEW MEXICO CENTER FOR ECONOMIC OPPORTUNITY INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
NEW MEXICO CENTER FOR ECONOMIC OPPORTUNITY INC leans on a few funders — its largest provides 62% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
38% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund NEW MEXICO CENTER FOR ECONOMIC OPPORTUNITY INC.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
62% of NEW MEXICO CENTER FOR ECONOMIC OPPORTUNITY INC's grant income comes from New Mexico funders.
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
NEW MEXICO CENTER FOR ECONOMIC OPPORTUNITY INC holds deeper cash reserves than three-quarters of the 1,934 public benefit nonprofits its size.
this organization peer median middle 50% of peers· 1,934 public benefit nonprofits $100k–$1M, FY2025
Organizations like NEW MEXICO CENTER FOR ECONOMIC OPPORTUNITY INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In New Mexico
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
89% of spending goes to programs.
Governance
Public support
86%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for NEW MEXICO CENTER FOR ECONOMIC OPPORTUNITY INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds NEW MEXICO CENTER FOR ECONOMIC OPPORTUNITY INC?
- NEW MEXICO CENTER FOR ECONOMIC OPPORTUNITY INC (New Mexico) receives grants from 2 organizations whose IRS filings report $65,000 to it, the largest being THORNBURG FOUNDATION ($40,000). 0 of them have funded it in more than one year.
- How many funders does NEW MEXICO CENTER FOR ECONOMIC OPPORTUNITY INC have?
- IRS filings report 2 organizations giving $65,000 in grants to NEW MEXICO CENTER FOR ECONOMIC OPPORTUNITY INC.
- Who is the largest funder of NEW MEXICO CENTER FOR ECONOMIC OPPORTUNITY INC?
- THORNBURG FOUNDATION is the largest funder on record, with $40,000 in grants. The full list of funders is on this page.
- How can an organization like NEW MEXICO CENTER FOR ECONOMIC OPPORTUNITY INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New Mexico. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2022–2025), and the filings of 2 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing