Community Economics Laboratory

Analysis

Community Economics Laboratory is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in January 2011, 15 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, Community Economics Laboratory reported income of $114k and spending of $110k, spending 97% of its income. Across the 2 years on record, from December 2019 to December 2020, income fell from $180k to $114k (-37%), an average of -36% a year. The sharpest change came in the year to December 2020, when income dropped by 37%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Economics Laboratory sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 36th percentile within NM. Charities of a similar size with the same main cause include Goodyear Pebblecreek Rotary Foundation ($114k), Grace and Peace Community Ministries ($114k) and Workforce Diversity Network of the Black Hills ($114k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $63k (57% of expenses). At year end it held assets of $106k against liabilities of $67k, net assets of $39k.