Housing Development Partners of San Diego

Analysis

Housing Development Partners of San Diego is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in October 1994, 32 years ago. 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, Housing Development Partners of San Diego reported income of $7.3m and spending of $5.8m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.2m to $7.3m (+71%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Housing Development Partners of San Diego sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Marbles Kids Museum ($7.3m), Monsignor Carr Institute ($7.3m) and Marys Meadow at Providence Place Inc ($7.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 85% of the total. At year end it held assets of $65.2m against liabilities of $46.1m, net assets of $19.2m.