Los Jardines Inc

Analysis

Los Jardines Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Los Jardines Inc reported income of $306k and spending of $440k, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $295k to $306k (+3.8%), an average of +0.9% a year. Over the whole period it spent 132% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Los Jardines Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 57th percentile within DE. Charities of a similar size with the same main cause include Poway Villas Community Housing Association ($306k), 1365 College Avenue Housing Development Fund Corporation ($306k) and Bigger Vision of Athens Inc ($306k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 31% of the total. Other salaries and wages came to $63k. At year end it held assets of $2.3m against liabilities of $3.7m, net assets of -$1.4m. It reported 3 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.