Encino Development and Management Inc

Analysis

Encino Development and Management Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in October 2002, 24 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 March 2024, Encino Development and Management Inc reported income of $1.6m and spending of $184k, leaving 89% of income unspent that year. Across the 2 years on record, from March 2023 to March 2024, income grew from $900k to $1.6m (+82%), an average of +82% a year. The sharpest change came in the year to March 2024, when income rose by 82%. Over the whole period it spent 19% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Encino Development and Management Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NM. Charities of a similar size with the same main cause include Los Sures Sip Housing Development Fund Corporation ($1.6m), Knights of Pythias Care Center ($1.6m) and Harry and Jeanette Weinberg Gardens Housing Development Fund Company I ($1.6m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $120k. At year end it held assets of $2.6m against liabilities of $2,848, net assets of $2.6m.