Albuquerque Pride Inc

Analysis

Albuquerque Pride Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in July 1999, 27 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 August 2023, Albuquerque Pride Inc reported income of $244k and spending of $192k, leaving 21% of income unspent that year. Across the 6 years on record, from August 2018 to August 2023, income grew from $235k to $244k (+3.9%), an average of +0.8% a year. The sharpest change came in the year to August 2021, when income rose by 447%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Albuquerque Pride Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NM. Charities of a similar size with the same main cause include African American Center for Cultural Development Inc ($244k), Theatre Philadelphia ($244k) and High Technology Crime Investigation Association ($244k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. At year end it held assets of $133k against liabilities of $0, net assets of $133k.