Guadalupe Economic Services Corporation

Analysis

Guadalupe Economic Services Corporation is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in June 1984, 42 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 2022, Guadalupe Economic Services Corporation reported income of $831k and spending of $862k, spending 104% of its income. Across the 4 years on record, from September 2019 to September 2022, income fell from $1.8m to $831k (-55%), an average of -23% a year. The sharpest change came in the year to September 2020, when income dropped by 63%. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Guadalupe Economic Services Corporation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Andres Duarte Terrace ($830k), Minnesota Odd Fellows Housing for the Elderly ($831k) and Hale Mahaolu Ekolu Inc ($829k).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 38% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $39k (4.6% of expenses). Other salaries and wages came to $164k. At year end it held assets of $9.3m against liabilities of $3.4m, net assets of $5.9m. It reported 10 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.