Warehouse 505
EIN: 432089526 · Albuquerque, NM · NTEE: O50
| Metric | Value |
|---|---|
| Total Revenue | $578K |
| Total Expenses | $675K |
| Net Assets | $-242,283 |
Is Warehouse 505 Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Warehouse 505
Warehouse 505 (EIN: 432089526) is a nonprofit organization based in Albuquerque, NM, classified under NTEE code O50. The organization reported total revenue of $578K and total assets of $264K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Warehouse 505's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Warehouse 505 is a small nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $578K |
| Total Expenses | $675K |
| Surplus / Deficit | $-97,469 |
| Total Assets | $264K |
| Total Liabilities | $507K |
| Net Assets | $-242,283 |
| Operating Margin | -16.9% |
| Debt-to-Asset Ratio | 191.7% |
| Months of Reserves | 4.7 months |
Financial Health Grade: C
In 2023, Warehouse 505 reported a deficit of $97K with expenses exceeding revenue, holds 4.7 months of operating reserves (adequate), has a debt-to-asset ratio of 191.7% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Warehouse 505's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +89.9% | +66.8% | +37.7% |
| 2022 | -10.5% | +10.0% | +211.5% |
| 2021 | +25.8% | +23.2% | +16.2% |
| 2020 | -16.1% | -15.6% | -22.2% |
| 2019 | +5.5% | +14.7% | +2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Warehouse 505 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 Warehouse 505 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $97K, with expenses exceeding revenue.
- Debt-to-asset ratio: 191.7%.
Frequently Asked Questions about Warehouse 505
Is Warehouse 505 a legitimate charity?
Warehouse 505 (EIN: 432089526) is a registered tax-exempt nonprofit based in New Mexico. It has 14 years of IRS 990 filings on record. Total revenue: $578K. No red flags identified. Financial health grade: C.
How does Warehouse 505 spend its money?
Warehouse 505 reported $578K 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 Warehouse 505 tax-deductible?
Warehouse 505 is registered as a tax-exempt nonprofit (EIN: 432089526). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Warehouse 505 located?
Warehouse 505 is headquartered in Albuquerque, New Mexico and files with the IRS under EIN 432089526. It is classified under NTEE code O50.
How many years of IRS 990 filings does Warehouse 505 have?
Warehouse 505 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 $578K in total revenue.
Filing History
IRS 990 filing history for Warehouse 505 showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Warehouse 505's revenue has grown by 49.3%, moving from $387K to $578K. Total assets increased by 134.9% over the same period, from $113K to $264K. Total functional expenses rose by 83.1%, from $369K to $675K. In its most recent filing year (2023), Warehouse 505 reported a deficit of $97K, with expenses exceeding revenue. The organization holds $507K in liabilities against $264K in assets (debt-to-asset ratio: 191.7%), resulting in net assets of $-242,283.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $578K | $675K | $264K | $507K | — | — |
| 2022 | $304K | $405K | $192K | $337K | — | View 990 |
| 2021 | $340K | $368K | $62K | $106K | — | View 990 |
| 2020 | $270K | $299K | $53K | $69K | — | View 990 |
| 2019 | $322K | $354K | $68K | $50K | — | View 990 |
| 2018 | $305K | $308K | $67K | $16K | — | View 990 |
| 2017 | $368K | $392K | $80K | $27K | — | View 990 |
| 2016 | $381K | $384K | $93K | $16K | — | View 990 |
| 2015 | $518K | $458K | $96K | $15K | — | View 990 |
| 2014 | $350K | $392K | $77K | $57K | — | View 990 |
| 2013 | $443K | $422K | $98K | $36K | — | View 990 |
| 2012 | $345K | $367K | $91K | $51K | — | View 990 |
| 2011 | $408K | $433K | $93K | $30K | — | View 990 |
| 2010 | $387K | $369K | $113K | $24K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $578K, expenses of $675K, and assets of $264K (revenue +89.9% year-over-year).
- 2022: Revenue of $304K, expenses of $405K, and assets of $192K (revenue -10.5% year-over-year).
- 2021: Revenue of $340K, expenses of $368K, and assets of $62K (revenue +25.8% year-over-year).
- 2020: Revenue of $270K, expenses of $299K, and assets of $53K (revenue -16.1% year-over-year).
- 2019: Revenue of $322K, expenses of $354K, and assets of $68K (revenue +5.5% year-over-year).
- 2018: Revenue of $305K, expenses of $308K, and assets of $67K (revenue -17.0% year-over-year).
- 2017: Revenue of $368K, expenses of $392K, and assets of $80K (revenue -3.5% year-over-year).
- 2016: Revenue of $381K, expenses of $384K, and assets of $93K (revenue -26.4% year-over-year).
- 2015: Revenue of $518K, expenses of $458K, and assets of $96K (revenue +48.2% year-over-year).
- 2014: Revenue of $350K, expenses of $392K, and assets of $77K (revenue -21.1% year-over-year).
- 2013: Revenue of $443K, expenses of $422K, and assets of $98K (revenue +28.6% year-over-year).
- 2012: Revenue of $345K, expenses of $367K, and assets of $91K (revenue -15.5% year-over-year).
- 2011: Revenue of $408K, expenses of $433K, and assets of $93K (revenue +5.4% year-over-year).
- 2010: Revenue of $387K, expenses of $369K, and assets of $113K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Warehouse 505:
Data Sources and Methodology
This transparency report for Warehouse 505 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.