Albuquerque Hispano Chamber of Commerce Foundation

Analysis

Albuquerque Hispano Chamber of Commerce Foundation is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in October 1988, 38 years ago. 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 June 2023, Albuquerque Hispano Chamber of Commerce Foundation reported income of $404k and spending of $376k, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $281k to $404k (+44%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Albuquerque Hispano Chamber of Commerce Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within NM. Charities of a similar size with the same main cause include Waxahachie Band Boosters Club ($404k), United Way of Knox County Inc ($404k) and Modern Warrior Live ($404k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $775k against liabilities of $219k, net assets of $556k. It reported 49 employees.