Central Office of Albuquerque Inc

Analysis

Central Office of Albuquerque Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in January 1976, 50 years ago. 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, Central Office of Albuquerque Inc reported income of $88k and spending of $87k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $72k to $88k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central Office of Albuquerque Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 29th percentile within NM. Charities of a similar size with the same main cause include Coronado Residences Inc ($88k), Charles Carrin Ministries Inc ($88k) and Albion Fire Department Inc ($88k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $41k against liabilities of $600, net assets of $41k.