Albuquerque Academy

Analysis

Albuquerque Academy is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in November 1972, 54 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Albuquerque Academy reported income of $34.4m and spending of $37.2m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $40.1m to $34.4m (-14%), an average of -3.7% a year. The sharpest change came in the year to June 2020, when income dropped by 18%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Albuquerque Academy sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NM. Charities of a similar size with the same main cause include Youngstown State University Foundation ($34.4m), College Possible ($34.4m) and Frisch School ($34.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.2% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $623k (1.7% of expenses). Other salaries and wages came to $18.2m. At year end it held assets of $150.5m against liabilities of $70.6m, net assets of $80.0m. It reported 804 employees.