San Luis Valley Development Resources Group

Analysis

San Luis Valley Development Resources Group is a registered charity in United States, based in Alamosa, CO. It received its IRS tax-exemption ruling in January 1983, 43 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 December 2023, San Luis Valley Development Resources Group reported income of $2.1m and spending of $2.0m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.3m to $2.1m (-6.7%), an average of -1.7% a year. The sharpest change came in the year to December 2022, when income rose by 59%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, San Luis Valley Development Resources Group sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within CO. Charities of a similar size with the same main cause include Big Brothers Big Sisters of Rhode Island Inc ($2.1m), Lewis County Search and Rescue Inc ($2.1m) and Ministry Seven ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $51k (2.5% of expenses). Other salaries and wages came to $364k. At year end it held assets of $11.6m against liabilities of $2.4m, net assets of $9.3m. It reported 8 employees.