Azteca Economic Developement Corporation

Analysis

Azteca Economic Developement Corporation is a registered charity in United States, based in Dimmitt, TX. It received its IRS tax-exemption ruling in May 1991, 35 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, Azteca Economic Developement Corporation reported income of $430k and spending of $654k, spending 152% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $516k to $430k (-17%), an average of -4.4% a year. The sharpest change came in the year to December 2022, when income dropped by 17%. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Azteca Economic Developement Corporation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include St Marys Villa Inc ($430k), Stevenson House Foundation ($430k) and Sioux City Housing Trust Fund Incorporated ($430k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $46k (7.0% of expenses). Other salaries and wages came to $23k. At year end it held assets of $4.6m against liabilities of $1.0m, net assets of $3.6m. It reported 2 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.