Housing Resources of Western Colorado

Analysis

Housing Resources of Western Colorado is a registered charity in United States, based in Grand JCT, CO. It received its IRS tax-exemption ruling in June 1985, 41 years ago. 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, Housing Resources of Western Colorado reported income of $8.4m and spending of $7.4m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.3m to $8.4m (+95%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 41%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Housing Resources of Western Colorado sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CO. Charities of a similar size with the same main cause include American Friends of Meir Panim ($8.4m), Clara Welty Test TR Fbo Welty Home for the Aged Inc ($8.4m) and Cen-Tex Association for Retarded Children ($8.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $194k (2.6% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $12.9m against liabilities of $4.0m, net assets of $8.9m. It reported 65 employees.