Home Trust of Ouray County

Analysis

Home Trust of Ouray County is a registered charity in United States, based in Ridgway, CO. It received its IRS tax-exemption ruling in November 2021, 5 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 December 2023, Home Trust of Ouray County reported income of $676k and spending of $230k, leaving 66% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $546k to $676k (+24%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 26% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Home Trust of Ouray County sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within CO. Charities of a similar size with the same main cause include Independence Housing II Inc ($676k), Haven of Hope Inc ($677k) and Friendship Place Inc ($676k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $113k (49% of expenses). At year end it held assets of $3.1m against liabilities of $2.0m, net assets of $1.1m. It reported 2 employees.