Las Animas Housing Development Co

Analysis

Las Animas Housing Development Co is a registered charity in United States, based in Las Animas, CO. It received its IRS tax-exemption ruling in October 1981, 45 years ago. 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, Las Animas Housing Development Co reported income of $97k and spending of $115k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $100k to $97k (-3.0%), an average of -0.7% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Las Animas Housing Development Co 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 36th percentile, and in the 32nd percentile within CO. Charities of a similar size with the same main cause include Carlsbad-Oceanside Art League ($97k), PTA Texas Congress ($97k) and Association for Tropical Biology Inc ($97k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 144% of the total. At year end it held assets of $344k against liabilities of $65k, net assets of $279k.