Valle de Sol Farm Labor Housing

Analysis

Valle de Sol Farm Labor Housing is a registered charity in United States, based in Portales, NM. It received its IRS tax-exemption ruling in July 1977, 49 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 2023, Valle de Sol Farm Labor Housing reported income of $171k and spending of $208k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $127k to $171k (+34%), an average of +7.7% a year. The sharpest change came in the year to December 2020, when income rose by 32%. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Valle de Sol Farm Labor Housing sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within NM. Charities of a similar size with the same main cause include Kaniksu Village ($171k), Senior Living ($171k) and Stanford Homes for Elderly Inc ($170k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 20% of the total. Other salaries and wages came to $40k. At year end it held assets of $322k against liabilities of $62k, net assets of $260k.

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.