Housing Resource Center of Monterey County

Analysis

Housing Resource Center of Monterey County is a registered charity in United States, based in Salinas, CA. It received its IRS tax-exemption ruling in July 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 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 December 2023, Housing Resource Center of Monterey County reported income of $4.4m and spending of $4.3m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $4.4m (+162%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 94%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Resource Center of Monterey County sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include The Winston-Salem Rescue Mission Inc ($4.4m), Nampa Christian Housing Inc ($4.4m) and Human Services Programs of Carroll County Inc ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.4% and program service revenue 93% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $1.3m against liabilities of $698k, net assets of $643k. It reported 21 employees.