Socorro County Options Prevention & Education

Analysis

Socorro County Options Prevention & Education is a registered charity in United States, based in Socorro, NM. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Socorro County Options Prevention & Education reported income of $196k and spending of $186k, spending 95% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $128k to $196k (+53%), an average of +53% a year. The sharpest change came in the year to June 2023, when income rose by 53%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Socorro County Options Prevention & Education sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within NM. Charities of a similar size with the same main cause include A Bed and a Book ($196k), American Society of Heating Refrigerating & A-C Engineers ($196k) and Wyoming County Community Alliance Inc ($196k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $88k against liabilities of $0, net assets of $88k.