New Mexico Property & Casualty Insurance Guaranty Association
501(c)(6)
Only null% goes to programs Strong reserves Growing revenue
New Mexico Property & Casualty Insurance Guaranty Association is a 501(c)(6) organization based in Albuquerque, New Mexico, registered in 1977, with $5,767,554 in FY2024 revenue. CharityIndex grades it B.
Po Box 27815, Albuquerque, NM, 87125 EIN 85-0249111 Since 1977
Revenue (FY2024)
$5.8M
▲ 150.1% vs prior year
Expenses (FY2024)
$2.9M
Net assets
$24.4M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for New Mexico Property & Casualty Insurance Guaranty Association— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating101 mo reserves · +50% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For New Mexico Property & Casualty Insurance Guaranty Association: 101 mo reserves · +50% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for New Mexico Property & Casualty Insurance Guaranty Association— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For New Mexico Property & Casualty Insurance Guaranty Association: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 27815, Albuquerque, NM, 87125
- City
- Albuquerque
- State
- New Mexico
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $4.0M (FY2018) to $5.8M (FY2024) across 7 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $24.4M
Operating margin
49.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$24.4M
Total liabilities
$0
Net assets
$24.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $5,767,554▲150% | $2,888,099▲5.5% | $24,410,315▲13.3% | $24,410,315▲13.3% | 990 |
| 2023 | $2,306,033▲251% | $2,737,016▲2.7% | $21,542,346▼2.0% | $21,542,346▼2.0% | 990 |
| 2022 | $657,121▼84.4% | $2,666,300▼28.9% | $21,973,329▼8.4% | $21,973,329▼8.4% | 990 |
| 2021 | $4,221,293▲116% | $3,749,181▲10.7% | $23,982,508▲2.0% | $23,982,508▲2.0% | 990 |
| 2020 | $1,957,548▼80.7% | $3,385,989▲60.2% | $23,510,396▼5.7% | $23,510,396▼5.7% | 990 |
| 2019 | $10,150,730▲153% | $2,113,414▼12.6% | $24,938,837▲47.6% | $24,938,837▲47.6% | 990 |
| 2018 | $4,007,002 | $2,418,068 | $16,901,521 | $16,901,521 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is New Mexico Property & Casualty Insurance Guaranty Association a legitimate nonprofit?
- Yes. New Mexico Property & Casualty Insurance Guaranty Association is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 85-0249111, based in Albuquerque, New Mexico.
- What is New Mexico Property & Casualty Insurance Guaranty Association's EIN?
- New Mexico Property & Casualty Insurance Guaranty Association's Employer Identification Number (EIN) is 85-0249111.
- How much revenue does New Mexico Property & Casualty Insurance Guaranty Association report?
- New Mexico Property & Casualty Insurance Guaranty Association reported $5,767,554 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does New Mexico Property & Casualty Insurance Guaranty Association have?
- CharityIndex grades New Mexico Property & Casualty Insurance Guaranty Association B, based on financial health (reserves and operating margin).
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Data for New Mexico Property & Casualty Insurance Guaranty Association (EIN 85-0249111) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.