Elwyn California

Analysis

Elwyn California is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in April 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, Elwyn California reported income of $78.9m and spending of $80.2m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $63.4m to $78.9m (+24%), an average of +5.6% a year. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Elwyn California sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Bridge Housing Corporation ($78.6m), Linden Ponds Inc ($79.1m) and National Campus and Community Development Corporation Inc ($78.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Other salaries and wages came to $45.7m. At year end it held assets of $33.2m against liabilities of $41.1m, net assets of -$7.9m. It reported 1,195 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.