Las Casas de Vida Corporation

Analysis

Las Casas de Vida Corporation is a registered charity in United States, based in Farmington, NM. It received its IRS tax-exemption ruling in November 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Las Casas de Vida Corporation reported income of $150k and spending of $194k, spending 129% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $141k to $150k (+6.6%), an average of +1.6% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Las Casas de Vida Corporation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 43rd percentile within NM. Charities of a similar size with the same main cause include Open Doors of Washington Township Inc ($150k), Community Housing Association for Rehabilitation Measure and ($150k) and Sartell Supportive Housing Inc ($150k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. Other salaries and wages came to $26k. At year end it held assets of $594k against liabilities of $1.2m, net assets of -$579k.

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.