Avenida Guadalupe Development Inc

Analysis

Avenida Guadalupe Development Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in March 2000, 26 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Avenida Guadalupe Development Inc reported income of $514k and spending of $561k, spending 109% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $504k to $514k (+2.0%), an average of +0.5% a year. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Avenida Guadalupe Development Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Mt Sinai Housing Development Corporation II ($514k), Prairie Lake Estates Homeowners Cooperative ($514k) and Scotland Community Development Inc ($513k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 68% and program service revenue 31% of the total. Other salaries and wages came to $155k. At year end it held assets of $2.0m against liabilities of $3.4m, net assets of -$1.4m.

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.