Albuquerque Community Foundation

Analysis

Albuquerque Community Foundation is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in November 1983, 43 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Albuquerque Community Foundation reported income of $12.7m and spending of $12.5m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.2m to $12.7m (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 59% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Albuquerque Community Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NM. Charities of a similar size with the same main cause include United Way of Southern Nevada Inc ($12.6m), Sands Family Supporting Foundation Inc ($12.7m) and Horizon Community Funds of Northern Kentucky Inc ($12.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $607k (4.8% of expenses). Other salaries and wages came to $883k. At year end it held assets of $150.5m against liabilities of $27.7m, net assets of $122.8m. It reported 22 employees.