The Salvation Army Albuquerque Residences Inc

Analysis

The Salvation Army Albuquerque Residences Inc is a registered charity in United States, based in RCH Palos VRD, CA. It received its IRS tax-exemption ruling in February 1994, 32 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 September 2023, The Salvation Army Albuquerque Residences Inc reported income of $453k and spending of $454k, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $404k to $453k (+12%), an average of +2.9% a year. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Salvation Army Albuquerque Residences Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Del Obispo Youth Baseball Inc ($453k), Jacksonville Volunteer Fire Co Inc ($453k) and The New Heritage Theatre Group Inc ($453k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 54% and program service revenue 44% of the total. Other salaries and wages came to $88k. At year end it held assets of $1.5m against liabilities of $520k, net assets of $979k. It reported 2 employees.