Allesandro Housing 811-01

Analysis

Allesandro Housing 811-01 is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 2003, 23 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, Allesandro Housing 811-01 reported income of $223k and spending of $328k, spending 147% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $183k to $223k (+22%), an average of +5.2% a year. The sharpest change came in the year to December 2020, when income rose by 87%. Over the whole period it spent 131% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Allesandro Housing 811-01 sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Long Island Housing Partnership Community Development Financial in ($223k), Boston Post Road Housing Development Fund Corporation ($223k) and Franklin Senior Housing Inc ($223k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Other salaries and wages came to $48k. At year end it held assets of $2.5m against liabilities of $4.1m, net assets of -$1.7m.

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.