Amhhc Project I Inc

Analysis

Amhhc Project I Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in April 2000, 26 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 December 2023, Amhhc Project I Inc reported income of $145k and spending of $160k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $113k to $145k (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2020, when income rose by 19%. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Amhhc Project I Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 42nd percentile within NM. Charities of a similar size with the same main cause include Vermont Alliance for Recovery Residences ($145k), Willow Terrace Inc ($145k) and Gateway Community Development Corporation ($145k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. Other salaries and wages came to $29k. At year end it held assets of $801k against liabilities of $45k, net assets of $756k.

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.