Heart of Taos

Analysis

Heart of Taos is a registered charity in United States, based in Taos, NM. It received its IRS tax-exemption ruling in May 2016, 10 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 December 2023, Heart of Taos reported income of $190k and spending of $126k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $200k to $190k (-5.0%), an average of -1.3% a year. The sharpest change came in the year to December 2023, when income rose by 143%. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Heart of Taos sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within NM. Charities of a similar size with the same main cause include Fillmore Housing Corporation ($190k), Brownton Housing Corporation ($190k) and Forward Communities Inc ($190k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $240k against liabilities of $6,790, net assets of $233k.