El Prado

Analysis

El Prado is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, El Prado reported income of $60k and spending of $66k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $72k to $60k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 117% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, El Prado sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 19th percentile within NM. Charities of a similar size with the same main cause include Rotary Club of Bethel Foundation ($60k), Helen L Morris Foundation Inc ($60k) and Bread Inc ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $82k against liabilities of $0, net assets of $82k.