Rocky Mountain Mutual Housing Association Inc

Analysis

Rocky Mountain Mutual Housing Association Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in May 1995, 31 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 2022, Rocky Mountain Mutual Housing Association Inc reported income of $2.8m and spending of $3.1m, spending 114% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income grew from $2.3m to $2.8m (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rocky Mountain Mutual Housing Association Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CO. Charities of a similar size with the same main cause include Manor Care of Spokane Wa Association ($2.8m), Habitat for Humanity of North Carolina Inc ($2.8m) and Habitat for Humanity International Inc ($2.8m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 22% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $204k (6.5% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $15.3m against liabilities of $3.8m, net assets of $11.5m. It reported 111 employees.