Greater Luna County Economic Opportunity Council

Analysis

Greater Luna County Economic Opportunity Council is a registered charity in United States, based in Deming, NM. It received its IRS tax-exemption ruling in February 2023, 3 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2024, Greater Luna County Economic Opportunity Council reported income of $195k and spending of $169k, spending 87% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $57k to $195k (+239%), an average of +239% a year. The sharpest change came in the year to June 2024, when income rose by 239%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greater Luna County Economic Opportunity Council sits at the 50th percentile: it is larger than about 50% 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 Enterprise Development & Management Corporation ($194k), Community Services United ($195k) and Craven 100 Alliance ($194k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $39k against liabilities of $3,480, net assets of $36k.