Albuquerque United Football Club Ltd

Analysis

Albuquerque United Football Club Ltd is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in October 1989, 37 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Albuquerque United Football Club Ltd reported income of $417k and spending of $395k, spending 95% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $210k to $417k (+99%), an average of +19% a year. The sharpest change came in the year to May 2020, when income rose by 110%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Albuquerque United Football Club Ltd sits at the 66th percentile: it is larger than about 66% 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 Portsmouth United for Education Inc ($417k), Kearsarge Elderly Housing Inc ($417k) and Happy Haven Homes Inc ($417k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Other salaries and wages came to $142k. At year end it held assets of $97k against liabilities of $78k, net assets of $19k. It reported 7 employees.