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 (gross receipts test) under section 501(c)(3).

In the financial year ending December 2023, Rocky Mountain Mutual Housing Association Inc reported income of $17.5m and spending of $20.9m, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.1m to $17.5m (+24%), an average of +5.5% a year. Over the whole period it spent 110% 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 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CO. Charities of a similar size with the same main cause include Sundari Foundation Inc ($17.5m), Westminster Services Inc ($17.5m) and Community Corporation of Santa Monica ($17.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.0% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $408k (2.0% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $141.0m against liabilities of $134.9m, net assets of $6.1m. It reported 101 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.