Downtownabq Mainstreet Initiative

Analysis

Downtownabq Mainstreet Initiative is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in July 2014, 12 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 (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, Downtownabq Mainstreet Initiative reported income of $498k and spending of $522k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $332k to $498k (+50%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtownabq Mainstreet Initiative 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 70th percentile, and in the 69th percentile within NM. Charities of a similar size with the same main cause include Charleston Area Justice Ministry ($498k), Macomb County Community Dispute Resolution Center Inc ($498k) and Fort Street Mall Business Improvement District Association ($498k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Other salaries and wages came to $281k. At year end it held assets of $237k against liabilities of $66k, net assets of $170k. It reported 11 employees.