Food Is Free Albuquerque Chapter

Analysis

Food Is Free Albuquerque Chapter is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Food Is Free Albuquerque Chapter reported income of $223k and spending of $200k, spending 90% of its income. Across the 3 years on record, from December 2020 to December 2023, income grew from $165k to $223k (+35%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 232%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food Is Free Albuquerque Chapter sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NM. Charities of a similar size with the same main cause include Winchester Committee for a Better Chance Inc ($223k), Mi-Journey ($223k) and Perth Amboy Young Mens Christian Assoc ($223k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $83k (42% of expenses). Other salaries and wages came to $10k. At year end it held assets of $105k against liabilities of $3,012, net assets of $102k. It reported 10 employees.