Drachma Housing Inc

Analysis

Drachma Housing Inc is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Drachma Housing Inc reported income of $344k and spending of $648k, spending 188% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $316k to $344k (+9.0%), an average of +2.2% a year. The sharpest change came in the year to June 2020, when income rose by 16%. Over the whole period it spent 148% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Drachma Housing Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Richard K Thompson Housing Inc ($344k), William S Davies Homeless Shelter Inc ($344k) and Union County Housing Associates Inc ($344k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 32% of the total. Other salaries and wages came to $35k. At year end it held assets of $3.3m against liabilities of $6.0m, net assets of -$2.7m.

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.