Del Rio Academy

Analysis

Del Rio Academy is a registered charity in United States, based in Los Lunas, NM. It received its IRS tax-exemption ruling in February 2024, 2 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Del Rio Academy reported income of $755k and spending of $910k, spending 120% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $829k to $755k (-8.9%), an average of -8.9% a year. Over the whole period it spent 113% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Del Rio Academy sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within NM. Charities of a similar size with the same main cause include Carroll Education Foundation Inc ($755k), Lufkin High School Alumni Association ($755k) and Montessori Academy at Spring Valley ($755k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $81k (8.9% of expenses). Other salaries and wages came to $530k. At year end it held assets of $266k against liabilities of $175k, net assets of $91k. It reported 18 employees.