Albuquerque Public Library Foundation Inc

Analysis

Albuquerque Public Library Foundation Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Albuquerque Public Library Foundation Inc reported income of $230k and spending of $65k, leaving 72% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $179k to $230k (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2021, when income rose by 105%. Over the whole period it spent 45% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Albuquerque Public Library Foundation Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NM. Charities of a similar size with the same main cause include Moanalua High School Music Boosters Association ($230k), Meharry Alumni Association ($230k) and Heartland Private School Inc ($230k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $1.1m against liabilities of $2,221, net assets of $1.1m.