Cheyenne Trails II Corporation

Analysis

Cheyenne Trails II Corporation is a registered charity in United States, based in Farmington, NM. It received its IRS tax-exemption ruling in January 2003, 23 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 June 2023, Cheyenne Trails II Corporation reported income of $232k and spending of $208k, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $174k to $232k (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cheyenne Trails II Corporation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within NM. Charities of a similar size with the same main cause include Folsom Oaks Apartments Inc ($232k), Westfall Heights Housing Development Fund Corporation ($233k) and Catholic Eldercare at St Hedwigs ($232k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 50% of the total. Other salaries and wages came to $21k. At year end it held assets of $1.2m against liabilities of $1.8m, net assets of -$612k.