Charity Search / DOWNTOWNABQ MAINSTREET INITIATIVE
Community Improvement (S31) IRS Verified DX Registered 990 on File

DOWNTOWNABQ MAINSTREET INITIATIVE

EIN: 46-4750143 · ALBUQUERQUE, NM 87102-2308 · United States · FY 2024 Data
3 out of 5 49 / 100 Based on 2+ years of filings
Financial strength (30%) 64/100
Reliability (20%) 50/100
Effectiveness (25%) 81/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Financial Overview — FY 2024
$659K
Total Revenue
$735K
Total Expenses
$95K
Net Assets
14
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 86.9%
Fundraising Efficiency 413.9%
Operating Reserve 1.55x
Liability-to-Asset 34.5%
Revenue Diversification 75.9%
Executive Compensation $70K
Compared with Peers
FY 2024
Compared with 4,285 similar organizations (United States, Community Improvement, $100K–$1M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
86.9% 83.7%
P10P90
Above median
Admin expense ratio
Management and general / total expenses · lower is better
10.5% 13.2%
P10P90
Above median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
2.6% 0.0%
P10P90
Bottom quarter
Fundraising efficiency
Fundraising expenses / gross fundraising income · lower is better
413.9% 10.2%
P10P90
Bottom quarter
Operating reserve
Months of expenses covered by net assets · higher is better
1.6 mo 11.3 mo
P10P90
Bottom quarter
Liabilities to assets
Total liabilities / total assets · lower is better
34.5% 3.1%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
75.9% 92.2%
P10P90
Above median
Revenue growth
Year over year revenue growth
32.3% 7.1%
P10P90
Expense growth
Year over year expense growth
40.8% 9.1%
P10P90
Surplus margin
Surplus as a share of revenue
-11.5% 2.9%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $659K $735K $95K 86.9% 14
2023 $498K $522K $170K 81.5% 11
2022 $479K $406K $194K 78.1% 6
2021 $352K $321K N/A 5
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Organization Details
EIN
46-4750143
State
NM
City
ALBUQUERQUE
ZIP
87102-2308
Classification
S31
Category
Community Improvement
Rating
3★
Coverage
A
Last Updated
Aug 2026
Foundation Code
15
Form 990
On File
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