Encino Terrace Inc

Analysis

Encino Terrace Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in May 1968, 58 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 March 2024, Encino Terrace Inc reported income of $1.1m and spending of $1.3m, spending 110% of what it took in. Across the 5 years on record, from March 2019 to March 2024, income grew from $994k to $1.1m (+15%), an average of +3.6% a year. The sharpest change came in the year to March 2023, when income rose by 41%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Encino Terrace Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within NM. Charities of a similar size with the same main cause include Mt Carmel Redevelopment Corporation Inc ($1.1m), Nicollet Meadows Housing Group ($1.1m) and Kingston City Land Bank ($1.1m).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 97% of the total. Other salaries and wages came to $293k. At year end it held assets of $3.8m against liabilities of $1.3m, net assets of $2.5m.