Alta Mira Specialized Family Services Inc

Analysis

Alta Mira Specialized Family Services Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in April 1988, 38 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Alta Mira Specialized Family Services Inc reported income of $12.2m and spending of $10.2m, spending 84% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $9.6m to $12.2m (+27%), an average of +8.2% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Alta Mira Specialized Family Services 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 96th percentile, and in the 97th percentile within NM. Charities of a similar size with the same main cause include McAuley Center Inc ($12.2m), United Methodist Childrens Home Inc ($12.2m) and Nysarc Inc ($12.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.7% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $202k (2.0% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $8.7m against liabilities of $1.3m, net assets of $7.4m. It reported 90 employees.