Enlace Comunitario

Analysis

Enlace Comunitario is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Enlace Comunitario reported income of $3.7m and spending of $3.7m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $3.7m (+13%), an average of +3.2% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Enlace Comunitario sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within NM. Charities of a similar size with the same main cause include Intervale Center Inc ($3.7m), Fulton County Emergency Medical Association Inc ($3.7m) and Occupational Services Incorporated ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $90k (2.4% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $2.3m against liabilities of $210k, net assets of $2.1m. It reported 36 employees.