Housing Development for Southwest Colorado

Analysis

Housing Development for Southwest Colorado is a registered charity in United States, based in Cortez, CO. It received its IRS tax-exemption ruling in October 1997, 29 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Housing Development for Southwest Colorado reported income of $70k and spending of $19k, leaving 72% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $91k to $70k (-23%), an average of -6.3% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 26% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Development for Southwest Colorado sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 24th percentile within CO. Charities of a similar size with the same main cause include Dezman Fleury Foundation ($70k), Independent Supportive Housing ($70k) and J & J Mission of Mason County ($70k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 11% of the total. At year end it held assets of $2.5m against liabilities of $140k, net assets of $2.4m.