LA Plaza de Encuentro Gathering Place

Analysis

LA Plaza de Encuentro Gathering Place is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in July 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 2023, LA Plaza de Encuentro Gathering Place reported income of $1.2m and spending of $1.3m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $397k to $1.2m (+201%), an average of +32% a year. The sharpest change came in the year to June 2020, when income rose by 191%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, LA Plaza de Encuentro Gathering Place 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 Fayette County Fair Association ($1.2m), Dinner Party Labs ($1.2m) and Southwest Community Corporation ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 7.9% of the total. Compensation of current officers, directors and key employees was $78k (6.1% of expenses). Other salaries and wages came to $742k. At year end it held assets of $2.0m against liabilities of $816k, net assets of $1.2m. It reported 34 employees.