Endowment Foundation First United Presbyterian Church Albuquerque

Analysis

Endowment Foundation First United Presbyterian Church Albuquerque is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in May 1977, 49 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Endowment Foundation First United Presbyterian Church Albuquerque reported income of $547k and spending of $899k, spending 164% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $547k (-52%), an average of -17% a year. The sharpest change came in the year to December 2021, when income dropped by 141%. Over the whole period it spent 202% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Endowment Foundation First United Presbyterian Church Albuquerque sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within NM. Charities of a similar size with the same main cause include Wisdom in Torah Ministry Inc ($547k), Evangel Bible Translators International Inc ($547k) and All People Free ($547k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% of the total. Other salaries and wages came to $38k. At year end it held assets of $12.6m against liabilities of $235k, net assets of $12.3m. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.