Lobo Energy Incorporated

Analysis

Lobo Energy Incorporated is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in August 1999, 27 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Lobo Energy Incorporated reported income of $1.1m and spending of $8.4m, spending 740% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.2m to $1.1m (-48%), an average of -15% a year. The sharpest change came in the year to June 2023, when income dropped by 48%. Over the whole period it spent 145% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Lobo Energy Incorporated sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within NM. Charities of a similar size with the same main cause include South Fork Natural History Society ($1.1m), Bray Hollow Foundation Inc ($1.1m) and Rotary Botanical Gardens Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $438k (5.2% of expenses). Other salaries and wages came to $298k. At year end it held assets of $558k against liabilities of $79k, net assets of $479k. It reported 7 employees.