Supportive Housing Coalition of New Mexico

Analysis

Supportive Housing Coalition of New Mexico is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Supportive Housing Coalition of New Mexico reported income of $4.6m and spending of $4.2m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.5m to $4.6m (+1.9%), an average of +0.5% a year. The sharpest change came in the year to December 2022, when income dropped by 23%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Supportive Housing Coalition of New Mexico sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NM. Charities of a similar size with the same main cause include Kids Place Inc ($4.6m), Credit & Homeownership Empowerment Services ($4.6m) and The Young Mens Christian Assoc of Sidney and Shelby County ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $89k (2.1% of expenses). Other salaries and wages came to $838k. At year end it held assets of $17.7m against liabilities of $1.9m, net assets of $15.8m. It reported 34 employees.