Mar Vista Eldorado Inc

Analysis

Mar Vista Eldorado Inc is a registered charity in United States, based in Oceanside, CA. It received its IRS tax-exemption ruling in August 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 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, Mar Vista Eldorado Inc reported income of $832k and spending of $935k, spending 112% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $717k to $832k (+16%), an average of +5.1% a year. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mar Vista Eldorado Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Mountain View Housing Inc ($831k), Converse County Senior Housing Incorporated ($832k) and Fairview Park Senior Apartment Corporation ($831k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 33% of the total. At year end it held assets of $3.8m against liabilities of $52k, net assets of $3.8m.

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.