Lobo Development Corporation

Analysis

Lobo Development Corporation is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in January 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lobo Development Corporation reported income of $2.7m and spending of $2.3m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $2.7m (+14%), an average of +3.4% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lobo Development Corporation sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NM. Charities of a similar size with the same main cause include Ccu Endowment Foundation ($2.7m), Rancho Mirage Writers Festival ($2.7m) and Jones-Gordon Foundation ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 89% of the total. Other salaries and wages came to $337k. At year end it held assets of $28.7m against liabilities of $20.7m, net assets of $8.0m. It reported 3 employees.