Casa de Socorro Inc

Analysis

Casa de Socorro Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Casa de Socorro Inc reported income of $190k and spending of $163k, spending 86% of its income. Across the 4 years on record, from September 2019 to December 2023, income fell from $268k to $190k (-29%), an average of -11% a year. The sharpest change came in the year to December 2023, when income rose by 186%. Over the whole period it spent 80% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Casa de Socorro Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within NM. Charities of a similar size with the same main cause include Mission Youth Soccer League ($190k), Champ Camp Inc ($190k) and Girls on the Run International ($190k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $53k (32% of expenses). Other salaries and wages came to $51k. At year end it held assets of $158k against liabilities of $3,936, net assets of $154k. It reported 5 employees.