Albuquerque Public Schools Foundation

Analysis

Albuquerque Public Schools Foundation is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Albuquerque Public Schools Foundation reported income of $2.4m and spending of $2.3m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $2.4m (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Albuquerque Public Schools Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NM. Charities of a similar size with the same main cause include Mississippi State University Alumni Inc ($2.4m), The Connecticut Association of Boards of Education Incorporated ($2.4m) and The Coalition for College Cost Savings ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $120k (5.2% of expenses). Other salaries and wages came to $168k. At year end it held assets of $10.0m against liabilities of $225k, net assets of $9.8m.