Tierra Del Sol Housing Corporation

Analysis

Tierra Del Sol Housing Corporation is a registered charity in United States, based in Las Cruces, NM. It received its IRS tax-exemption ruling in March 1974, 52 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 September 2023, Tierra Del Sol Housing Corporation reported income of $2.5m and spending of $2.7m, spending 109% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.2m to $2.5m (-22%), an average of -6.0% a year. The sharpest change came in the year to September 2023, when income dropped by 58%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tierra Del Sol Housing Corporation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NM. Charities of a similar size with the same main cause include Muslim Foundation Inc ($2.5m), Marien-Heim Tower ($2.5m) and Southeast Enterprises Packaging and Assembly Specialists Inc ($2.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 91% and program service revenue 8.5% of the total. Compensation of current officers, directors and key employees was $87k (3.2% of expenses). Other salaries and wages came to $845k. At year end it held assets of $11.6m against liabilities of $2.7m, net assets of $8.9m. It reported 20 employees.