Lea County Charitable Foundation

HOBBS, NM EIN: 85-0345104

Lea County Charitable Foundation is a private foundation, based in HOBBS, NM. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.9M in total assets. In 2024, it awarded 1 grants totaling $398K. Net investment income was $439K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$4.9M

+2.0% YoY

Annual Giving

$398K

+20.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$398K

+20.0% YoY

Under IRS private-foundation payout rules, Lea County Charitable Foundation reported a distributable amount of $386K for 2024 — the minimum it must pay out in qualifying distributions.

About Lea County Charitable Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New Mexico $1.6M (100%)

States

New Mexico

Cities

Hobbs

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$4,938,963	$4,840,840	$4,841,004
Revenue	$501,782	$382,633	$300,965
Expenses	$403,659	$382,797	$439,087
Qualifying Distributions	$331,958	$324,341	$382,087
Net Investment Income	$439,232	$324,177	$243,965
Distributable Amount	$386,110	$322,472	$316,085

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Univ of the Southwest ($398,188).

Recipient	Purpose	Amount
UNIV OF THE SOUTHWEST HOBBS, NM	UNRESTRICTED	$398,188

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
LEE ANN SNYDER	PRESIDENT	1	—
DANIELLE SNYDER	SECRETARY	1	—
MIKE WISCHKAEMPER	TREASURER	1	—
ATLEE SNYDER	VICE PRESIDENT	1	—

Frequently Asked Questions

How large is Lea County Charitable Foundation?

As of 2024, Lea County Charitable Foundation holds $4.9M in total assets with $502K in annual revenue. It awarded 1 grants totaling $398K in 2024.

Where does Lea County Charitable Foundation operate?

Lea County Charitable Foundation has awarded grants in New Mexico.

What size grants does Lea County Charitable Foundation award?

In 2024, Lea County Charitable Foundation awarded 1 grants totaling $398K — an average of about $398K per grant, based on its IRS Form 990 filings.

How much is Lea County Charitable Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Lea County Charitable Foundation reported a distributable amount of $386K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Lea County Charitable Foundation's EIN?

Lea County Charitable Foundation's EIN (Employer Identification Number) is 85-0345104. IRS Form 990 filing data is available on this page for 2020–2024.