Compass for Affordable Housing

Analysis

Compass for Affordable Housing is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in February 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Compass for Affordable Housing reported income of $404k and spending of $318k, leaving 21% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $152k to $404k (+165%), an average of +38% a year. The sharpest change came in the year to December 2022, when income rose by 328%. Over the whole period it spent 30% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Compass for Affordable Housing sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Wildflower Foundation ($404k), Leigh HS Performing Arts Parents Association Inc ($404k) and Madina Village School Inc ($404k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $66k (21% of expenses). Other salaries and wages came to $11k. At year end it held assets of $2.4m against liabilities of $1.7m, net assets of $707k.