Cheyenne Trails Corporation

Analysis

Cheyenne Trails Corporation is a registered charity in United States, based in Farmington, NM. It received its IRS tax-exemption ruling in August 1996, 30 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 June 2023, Cheyenne Trails Corporation reported income of $298k and spending of $372k, spending 125% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $279k to $298k (+7.1%), an average of +1.7% a year. Over the whole period it spent 123% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cheyenne Trails Corporation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NM. Charities of a similar size with the same main cause include From the Heart Fund ($298k), Isabella County Nonprofit Housing Corporation ($298k) and Dryden Senior Housing Corporation ($298k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. Other salaries and wages came to $42k. At year end it held assets of $1.0m against liabilities of $2.4m, net assets of -$1.4m.

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.