Alta Monte Child Development Center Inc

Analysis

Alta Monte Child Development Center Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Alta Monte Child Development Center Inc reported income of $1.2m and spending of $1.1m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $978k to $1.2m (+23%), an average of +5.2% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Alta Monte Child Development Center Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within NM. Charities of a similar size with the same main cause include Ymic Foundation Inc ($1.2m), Dwell with Dignity Inc ($1.2m) and Redwood Coast Seniors Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.6% and program service revenue 94% of the total. Other salaries and wages came to $639k. At year end it held assets of $1.1m against liabilities of $46k, net assets of $1.0m. It reported 28 employees.