Felicidad Foundation

Analysis

Felicidad Foundation is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in November 1975, 51 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 May 2024, Felicidad Foundation reported income of $656k and spending of $669k, spending 102% of its income. Across the 6 years on record, from May 2019 to May 2024, income fell from $787k to $656k (-17%), an average of -3.6% a year. The sharpest change came in the year to May 2022, when income rose by 78%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Felicidad Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within NM. Charities of a similar size with the same main cause include Technical Employment Training Inc ($656k), Darsel ($656k) and The Uhnw Institute ($656k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 2.8% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $500k (75% of expenses). At year end it held assets of $708k against liabilities of $3,666, net assets of $704k. It reported 27 employees.