Carlsbad Community of Hope Center Inc

Analysis

Carlsbad Community of Hope Center Inc is a registered charity in United States, based in Carlsbad, NM. It received its IRS tax-exemption ruling in January 2017, 9 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, Carlsbad Community of Hope Center Inc reported income of $160k and spending of $179k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $195k to $160k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Carlsbad Community of Hope Center Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 45th percentile within NM. Charities of a similar size with the same main cause include North Town Las Casitas Inc ($160k), Latvian Evangelical Lutheran Church Home for the Elderly Inc ($161k) and Delton Area Senior Housing Inc ($160k).

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 $88k against liabilities of $0, net assets of $88k.