899 Charleston

Analysis

899 Charleston is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in June 2008, 18 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, 899 Charleston reported income of $14.3m and spending of $22.3m, spending 156% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income fell from $16.3m to $14.3m (-12%), an average of -4.3% a year. The sharpest change came in the year to June 2023, when income dropped by 16%. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 899 Charleston sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Metro Health Foundation of New Hampshire Inc ($14.3m), Innovative Housing Inc ($14.4m) and Hollywood Community Housing Corporation ($14.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $811k (3.6% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $136.0m against liabilities of $194.7m, net assets of -$58.7m. It reported 148 employees.

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.