Housing and Economic Rural Opportunity Inc

Analysis

Housing and Economic Rural Opportunity Inc is a registered charity in United States, based in Las Cruces, NM. It received its IRS tax-exemption ruling in August 1987, 39 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, Housing and Economic Rural Opportunity Inc reported income of $205k and spending of $80k, leaving 61% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $266k to $205k (-23%), an average of -6.3% a year. The sharpest change came in the year to September 2021, when income rose by 541%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Housing and Economic Rural Opportunity Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NM. Charities of a similar size with the same main cause include Wilkes Heritage Museum Incorporated ($205k), Northfield Historical Society Inc ($205k) and American Planning Association ($205k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. At year end it held assets of $1.0m against liabilities of $530k, net assets of $485k.