Family Promise of Albuquerque Inc

Analysis

Family Promise of Albuquerque Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in October 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Family Promise of Albuquerque Inc reported income of $292k and spending of $362k, spending 124% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $290k to $292k (+0.7%), an average of +0.2% a year. The sharpest change came in the year to June 2021, when income rose by 45%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Promise of Albuquerque Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within NM. Charities of a similar size with the same main cause include Devine Area Health and Hospice Resource ($292k), Bethany Senior Citizens Housing Inc ($292k) and Our Deaf Survivors Center Inc ($292k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $73k (20% of expenses). Other salaries and wages came to $103k. At year end it held assets of $690k against liabilities of $564k, net assets of $125k. It reported 7 employees.