Cheyenne Meadows Corp

Analysis

Cheyenne Meadows Corp is a registered charity in United States, based in Farmington, NM. It received its IRS tax-exemption ruling in August 2001, 25 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 June 2023, Cheyenne Meadows Corp reported income of $126k and spending of $154k, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $122k to $126k (+2.9%), an average of +0.7% a year. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cheyenne Meadows Corp sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 39th percentile within NM. Charities of a similar size with the same main cause include Wactor Gardens Phase II Inc ($126k), Pahc Sheridan Apartments Inc ($126k) and Parc Housing II Inc ($126k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. Other salaries and wages came to $15k. At year end it held assets of $651k against liabilities of $1.1m, net assets of -$471k.

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.