703 Cedar Street Inc

Analysis

703 Cedar Street Inc is a registered charity in United States, based in Garberville, CA. It received its IRS tax-exemption ruling in August 2002, 24 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 2024, 703 Cedar Street Inc reported income of $135k and spending of $194k, spending 143% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $121k to $135k (+12%), an average of +2.9% a year. Over the whole period it spent 136% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 703 Cedar Street Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 47th percentile within CA. Charities of a similar size with the same main cause include Lowcountry Housing and Economic Development Foundation Inc ($135k), Habitat for Humanity International Inc ($135k) and Community Housing Coalition ($135k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 68% and program service revenue 32% of the total. Other salaries and wages came to $41k. At year end it held assets of $1.3m against liabilities of $2.1m, net assets of -$797k. It reported 2 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.