Abq Faithworks Collaborative

Analysis

Abq Faithworks Collaborative is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in October 2021, 5 years ago. 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, Abq Faithworks Collaborative reported income of $783k and spending of $650k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $245k to $783k (+220%), an average of +220% a year. The sharpest change came in the year to December 2023, when income rose by 220%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Abq Faithworks Collaborative 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 76th percentile, and in the 75th percentile within NM. Charities of a similar size with the same main cause include One East Sixtieth Street Historical Foundation ($783k), Lifehouse Productions ($783k) and Cranberry Public Library Inc ($783k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $47k (7.2% of expenses). Other salaries and wages came to $272k. At year end it held assets of $229k against liabilities of $30k, net assets of $199k. It reported 8 employees.