Rio Grande Foundation Inc

Analysis

Rio Grande Foundation Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in September 2000, 26 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Rio Grande Foundation Inc reported income of $818k and spending of $415k, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $338k to $818k (+142%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 175%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rio Grande Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within NM. Charities of a similar size with the same main cause include Sno King Youth Club ($818k), Purdue Student Publishing Foundatio N ($818k) and Texas County Food Pantry Inc ($818k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $136k (33% of expenses). Other salaries and wages came to $77k. At year end it held assets of $483k against liabilities of $5,812, net assets of $477k. It reported 2 employees.