Housing Solutions for the Southwest Inc

Analysis

Housing Solutions for the Southwest Inc is a registered charity in United States, based in Durango, CO. It received its IRS tax-exemption ruling in June 1982, 44 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, Housing Solutions for the Southwest Inc reported income of $2.2m and spending of $2.3m, spending 103% of its income. Across the 6 years on record, from April 2019 to December 2023, income grew from $1.6m to $2.2m (+36%), an average of +6.3% a year. The sharpest change came in the year to December 2020, when income rose by 214%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Solutions for the Southwest Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CO. Charities of a similar size with the same main cause include Neighborhood Housing Services of Rochester Inc ($2.2m), Stovall Housing Corporation ($2.2m) and Lynn Sage Breast Cancer Foundation ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $139k (6.1% of expenses). Other salaries and wages came to $983k. At year end it held assets of $9.6m against liabilities of $801k, net assets of $8.8m. It reported 27 employees.