Haverland Carter Lifestyle Group

Analysis

Haverland Carter Lifestyle Group is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in December 2010, 16 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 March 2023, Haverland Carter Lifestyle Group reported income of $11.4m and spending of $14.5m, spending 128% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $4.7m to $11.4m (+144%), an average of +25% a year. The sharpest change came in the year to March 2020, when income rose by 77%. Over the whole period it spent 164% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Haverland Carter Lifestyle Group sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within NM. Charities of a similar size with the same main cause include Israel Senior Citizens Housing Development Fund Corp ($11.4m), Womens Community Revitalization Project ($11.4m) and Fresno Rescue Mission ($11.4m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 17% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $43k (0.3% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $47.1m against liabilities of $70.2m, net assets of -$23.1m. It reported 172 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.