501cpa

Analysis

501cpa is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in July 2012, 14 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, 501cpa reported income of $1.2m and spending of $1.3m, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $751k to $1.2m (+61%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, 501cpa sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within NM. Charities of a similar size with the same main cause include Blake Holding Corporation ($1.2m), Bike Share Pittsburgh Inc ($1.2m) and Central Massachusetts Center for Business and Enterprise Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $127k (9.9% of expenses). Other salaries and wages came to $834k. At year end it held assets of $517k against liabilities of $67k, net assets of $450k. It reported 22 employees.