Irvine Campus Housing Authority

Analysis

Irvine Campus Housing Authority is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in February 1984, 42 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Irvine Campus Housing Authority reported income of $16.0m and spending of $14.8m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $31.2m to $16.0m (-49%), an average of -15% a year. The sharpest change came in the year to June 2022, when income dropped by 43%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Irvine Campus Housing Authority sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Irc II Inc ($16.0m), Woldenberg Village Inc ($16.1m) and Housing Development Corporation Midatlantic ($15.9m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $630k (4.3% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $117.7m against liabilities of $72.2m, net assets of $45.5m. It reported 37 employees.