Rio Concho Manor Inc

Analysis

Rio Concho Manor Inc is a registered charity in United States, based in San Angelo, TX. It received its IRS tax-exemption ruling in October 1988, 38 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 December 2023, Rio Concho Manor Inc reported income of $1.6m and spending of $1.5m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.6m (+11%), an average of +2.8% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rio Concho Manor Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Minnesota Masonic Home Cluster Homes ($1.6m), U S Brownsville II HDFC ($1.6m) and LPS Charitable Foundation Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $335k. At year end it held assets of $1.4m against liabilities of $189k, net assets of $1.2m. It reported 16 employees.