New Mexico · Nonprofit
WAREHOUSE 505
WAREHOUSE 505 (New Mexico) receives grants from 7 organizations whose IRS filings report $74,087 to it, the largest being ALBUQUERQUE COMMUNITY FOUNDATION ($28,401). 1 of them have funded it in more than one year, and 58% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2023
- $578k
- Funders on record
- 7
- Grants received
- $74k
- Net assets
- $-242283
What Warehouse 505 does
Mission
Warehouse 505 (formerly new mexico xtreme sports assn.) invests in albuquerque's youth by providing a place to learn and develop skills under mentorship within the creative arts and individual sports.
As stated on its FY2023 Form 990.
Program
Warehouse 505 is a non-profit, social enterprise and venue that invests in albuquerque's youth by providing a place to learn and develop skills under mentorship within the creative arts and individual sports. Established in 2009 as warehouse 508, we have worked towards futhering connections between youth and the community and fostering employment experiences and opportunities. Warehouse 505 offers a variety of after-school programming in the visual and performing arts for youth ages 12-30. Working under talented mentors and artists within the city, youth will learn and develop skills that they can take with them for future employment, which Warehouse 505 works to help foster. Previous classes we have offered include mural arts, photography, music, acting, movie making, sewing, digial drawing, dj, and so much more through creative arts, Warehouse 505 provides: -- a safe and secure facility for youth, their families and the community, including individuals, organizations and businesses to engage, interact and operate. -- offers creative arts, individual sports and leadership classes and workshops for youth ages 13-20. -- develops employment opportunities for youth. -- maintains an…
$578,317 spent$47,800 earned by the program100% of program spending
The program described on its FY2023 Form 990. Program spending in total: $578,317.
The organization over time
Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $62k to $192k (+211%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2020 86% · 2021 92% · 2022 72% · 2023 80%. Grants only. Government contracts and fees sit inside program revenue.
83% of WAREHOUSE 505’s revenue is contributions — more donation-reliant than the typical peer (83% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 4 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2020 → 2023: the base narrowed from 2 funders to 1 funder, grant income fell $20k → $11k.
3 of 7 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 58% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of WAREHOUSE 505’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
WAREHOUSE 505 leans on a few funders — its largest provides 38% of grant income and the top three 85%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
92% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund WAREHOUSE 505.
Largest funder’s share by year: 2020 100% · 2021 60% · 2022 60% · 2023 100% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
58% of WAREHOUSE 505's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $31k that is directly attributable, 99% of it comes from New Mexico funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $43k arriving through sponsors registered in 3 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
WAREHOUSE 505 has grown faster than three-quarters of the 5,457 youth development nonprofits its size.
this organization peer median middle 50% of peers· 5,457 youth development nonprofits $100k–$1M, FY2023
Organizations like WAREHOUSE 505
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In New Mexico
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
86% of spending goes to programs.
Governance
Public support
95%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for WAREHOUSE 505: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds WAREHOUSE 505?
- WAREHOUSE 505 (New Mexico) receives grants from 7 organizations whose IRS filings report $74,087 to it, the largest being ALBUQUERQUE COMMUNITY FOUNDATION ($28,401). 1 of them have funded it in more than one year, and 58% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does WAREHOUSE 505 have?
- IRS filings report 7 organizations giving $74,087 in grants to WAREHOUSE 505, 1 of which have funded it in more than one year.
- Who is the largest funder of WAREHOUSE 505?
- ALBUQUERQUE COMMUNITY FOUNDATION is the largest funder on record, with $28,401 in grants. The full list of funders is on this page.
- How can an organization like WAREHOUSE 505 find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New Mexico. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Warehouse 505 →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2023 (financials across 2020–2023), and the filings of 7 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing