Albuquerque Academy for Boys Trust 1

Analysis

Albuquerque Academy for Boys Trust 1 is a registered charity in United States, based in Pennington, NJ. It received its IRS tax-exemption ruling in January 1960, 66 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Albuquerque Academy for Boys Trust 1 reported income of $4.9m and spending of $1.7m, leaving 66% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $895k to $4.9m (+452%), an average of +41% a year. The sharpest change came in the year to June 2024, when income rose by 591%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Albuquerque Academy for Boys Trust 1 sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Arc of St Charles Inc ($4.9m), Yeshiva Tifereth Torah Inc ($4.9m) and Marco Island Academy a Public Charter High School Inc ($4.9m).

Compensation of current officers, directors and key employees was $216k (13% of expenses). At year end it held assets of $33.9m against liabilities of $0, net assets of $33.9m.