Albuquerque Adult Learning Center Alc Inc

Analysis

Albuquerque Adult Learning Center Alc Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Albuquerque Adult Learning Center Alc Inc reported income of $763k and spending of $632k, spending 83% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $417k to $763k (+83%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 41%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Albuquerque Adult Learning Center Alc Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within NM. Charities of a similar size with the same main cause include Wilderness Way Camp School Inc ($763k), Greater Stark County Urban Leagueinc ($763k) and Winchester Learning Center ($762k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $70k (11% of expenses). Other salaries and wages came to $364k. At year end it held assets of $428k against liabilities of $60k, net assets of $369k. It reported 15 employees.