Rural Housing Inc

Analysis

Rural Housing Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in March 1978, 48 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, Rural Housing Inc reported income of $271k and spending of $224k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $294k to $271k (-7.7%), an average of -2.0% a year. The sharpest change came in the year to December 2023, when income rose by 187%. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rural Housing Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within NM. Charities of a similar size with the same main cause include Disciples Housing of Enid Inc ($271k), Chippewa Lutheran Housingcorporation ($271k) and Punta Gorda Development Corporation ($270k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 68% of the total. At year end it held assets of $3.1m against liabilities of $9,937, net assets of $3.1m.