Agua Azul Housing Inc

Analysis

Agua Azul Housing Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in February 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 September 2023, Agua Azul Housing Inc reported income of $193k and spending of $241k, spending 125% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $193k to $193k (-0.1%), an average of +-0.0% a year. The sharpest change came in the year to September 2022, when income rose by 129%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Agua Azul Housing Inc sits at the 37th percentile: it is larger than about 37% 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 Clackamas Residential Options Inc ($192k), Vhh-Jg Commons ($193k) and Peachtree Landing Inc ($192k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $51k. At year end it held assets of $1.2m against liabilities of $1.7m, net assets of -$548k.