Albuquerque Museum Foundation Inc

Analysis

Albuquerque Museum Foundation Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in May 1968, 58 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Albuquerque Museum Foundation Inc reported income of $4.1m and spending of $1.8m, leaving 56% of income unspent that year. Across the 4 years on record, from June 2019 to June 2022, income grew from $1.7m to $4.1m (+135%), an average of +33% a year. The sharpest change came in the year to June 2022, when income rose by 113%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Albuquerque Museum Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within NM. Charities of a similar size with the same main cause include Blue Marble Space ($4.1m), Cafe 1040 Inc ($4.1m) and Savannah Music Festival Inc ($4.1m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 29% of the total. Compensation of current officers, directors and key employees was $261k (15% of expenses). Other salaries and wages came to $457k. At year end it held assets of $17.6m against liabilities of $159k, net assets of $17.4m. It reported 16 employees.