Historic Bridge Mainstreet South Valley

Analysis

Historic Bridge Mainstreet South Valley 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 June 2024, Historic Bridge Mainstreet South Valley reported income of $301k and spending of $457k, spending 152% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $1.1m to $301k (-73%), an average of -48% a year. The sharpest change came in the year to June 2024, when income dropped by 66%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Historic Bridge Mainstreet South Valley sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NM. Charities of a similar size with the same main cause include North End Woodward Community Coalition ($301k), Wayne County Family Center ($301k) and East Central Development Corporation ($301k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $73k (16% of expenses). Other salaries and wages came to $54k. At year end it held assets of $36k against liabilities of $15k, net assets of $21k. It reported 9 employees.