Bold Futures NM

Analysis

Bold Futures NM is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in March 2002, 24 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 December 2023, Bold Futures NM reported income of $2.4m and spending of $2.0m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.4m (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2022, when income rose by 63%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bold Futures NM sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NM. Charities of a similar size with the same main cause include Plateau Outreach Ministries ($2.4m), Christian Help Foundation Inc ($2.4m) and Alternative Living Solutions ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $226k (11% of expenses). Other salaries and wages came to $715k. At year end it held assets of $4.2m against liabilities of $407k, net assets of $3.8m. It reported 12 employees.