Family Promise Of Albuquerque Inc
EIN: 850472315 · Albuquerque, NM · NTEE: P85
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $362K |
| Net Assets | $125K |
Is Family Promise Of Albuquerque Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Family Promise Of Albuquerque Inc
Family Promise Of Albuquerque Inc (EIN: 850472315) is a nonprofit organization based in Albuquerque, NM, classified under NTEE code P85. The organization reported total revenue of $1.1M and total assets of $279K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Family Promise Of Albuquerque Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Family Promise Of Albuquerque Inc is a mid-size nonprofit that has been operating for 26 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 7.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $292K |
| Total Expenses | $362K |
| Surplus / Deficit | $-70,220 |
| Total Assets | $690K |
| Total Liabilities | $564K |
| Net Assets | $125K |
| Operating Margin | -24.0% |
| Debt-to-Asset Ratio | 81.8% |
| Months of Reserves | 22.8 months |
Financial Health Grade: C
In 2024, Family Promise Of Albuquerque Inc reported a deficit of $70K with expenses exceeding revenue, holds 22.8 months of operating reserves (strong position), has a debt-to-asset ratio of 81.8% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Family Promise Of Albuquerque Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +2.7% | -3.1% | -8.7% |
| 2023 | -30.6% | +13.0% | -10.6% |
| 2022 | -2.4% | -3.3% | +10.4% |
| 2021 | +44.9% | +22.9% | +457.5% |
| 2020 | -10.5% | -15.5% | +9.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Family Promise Of Albuquerque Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Family Promise Of Albuquerque Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $70K, with expenses exceeding revenue.
- Debt-to-asset ratio: 81.8%.
Frequently Asked Questions about Family Promise Of Albuquerque Inc
Is Family Promise Of Albuquerque Inc a legitimate charity?
Family Promise Of Albuquerque Inc (EIN: 850472315) is a registered tax-exempt nonprofit based in New Mexico. It has 14 years of IRS 990 filings on record. Total revenue: $1.1M. No red flags identified. Financial health grade: C.
How does Family Promise Of Albuquerque Inc spend its money?
Family Promise Of Albuquerque Inc reported $1.1M in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Family Promise Of Albuquerque Inc tax-deductible?
Family Promise Of Albuquerque Inc is registered as a tax-exempt nonprofit (EIN: 850472315). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Family Promise Of Albuquerque Inc located?
Family Promise Of Albuquerque Inc is headquartered in Albuquerque, New Mexico and files with the IRS under EIN 850472315. It is classified under NTEE code P85.
How many years of IRS 990 filings does Family Promise Of Albuquerque Inc have?
Family Promise Of Albuquerque Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.1M in total revenue.
Filing History
IRS 990 filing history for Family Promise Of Albuquerque Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Family Promise Of Albuquerque Inc's revenue has grown by 159.8%, moving from $112K to $292K. Total assets increased by 520.7% over the same period, from $111K to $690K. Total functional expenses rose by 251.2%, from $103K to $362K. In its most recent filing year (2024), Family Promise Of Albuquerque Inc reported a deficit of $70K, with expenses exceeding revenue. The organization holds $564K in liabilities against $690K in assets (debt-to-asset ratio: 81.8%), resulting in net assets of $125K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $292K | $362K | $690K | $564K | — | — |
| 2023 | $284K | $374K | $755K | $560K | — | View 990 |
| 2022 | $410K | $331K | $845K | $550K | — | View 990 |
| 2021 | $420K | $342K | $765K | $550K | — | — |
| 2020 | $290K | $279K | $137K | $0 | — | View 990 |
| 2019 | $324K | $330K | $126K | $83 | — | View 990 |
| 2018 | $272K | $272K | $131K | $7K | — | View 990 |
| 2017 | $295K | $244K | $131K | $7K | — | View 990 |
| 2016 | $234K | $268K | $80K | $6K | — | View 990 |
| 2015 | $174K | $174K | $115K | $7K | — | View 990 |
| 2014 | $172K | $159K | $117K | $8K | — | View 990 |
| 2013 | $130K | $124K | $143K | $1K | — | View 990 |
| 2012 | $104K | $106K | $119K | $388 | — | View 990 |
| 2011 | $112K | $103K | $111K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $292K, expenses of $362K, and assets of $690K (revenue +2.7% year-over-year).
- 2023: Revenue of $284K, expenses of $374K, and assets of $755K (revenue -30.6% year-over-year).
- 2022: Revenue of $410K, expenses of $331K, and assets of $845K (revenue -2.4% year-over-year).
- 2021: Revenue of $420K, expenses of $342K, and assets of $765K (revenue +44.9% year-over-year).
- 2020: Revenue of $290K, expenses of $279K, and assets of $137K (revenue -10.5% year-over-year).
- 2019: Revenue of $324K, expenses of $330K, and assets of $126K (revenue +19.1% year-over-year).
- 2018: Revenue of $272K, expenses of $272K, and assets of $131K (revenue -7.6% year-over-year).
- 2017: Revenue of $295K, expenses of $244K, and assets of $131K (revenue +25.7% year-over-year).
- 2016: Revenue of $234K, expenses of $268K, and assets of $80K (revenue +34.9% year-over-year).
- 2015: Revenue of $174K, expenses of $174K, and assets of $115K (revenue +1.1% year-over-year).
- 2014: Revenue of $172K, expenses of $159K, and assets of $117K (revenue +32.6% year-over-year).
- 2013: Revenue of $130K, expenses of $124K, and assets of $143K (revenue +24.4% year-over-year).
- 2012: Revenue of $104K, expenses of $106K, and assets of $119K (revenue -7.4% year-over-year).
- 2011: Revenue of $112K, expenses of $103K, and assets of $111K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Family Promise Of Albuquerque Inc:
Data Sources and Methodology
This transparency report for Family Promise Of Albuquerque Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.