Mary Erickson Community Housing

Analysis

Mary Erickson Community Housing is a registered charity in United States, based in San Clemente, CA. It received its IRS tax-exemption ruling in May 1992, 34 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Mary Erickson Community Housing reported income of $1.8m and spending of $2.2m, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $109k to $1.8m (+1539%), an average of +101% a year. The sharpest change came in the year to December 2022, when income dropped by 173%. Over the whole period it spent 195% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mary Erickson Community Housing sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include The Conference of Presidents of Major American Jewish Orgs Fund ($1.8m), Digital Divide Data ($1.8m) and Womens Center Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $239k (11% of expenses). Other salaries and wages came to $228k. At year end it held assets of $13.9m against liabilities of $18.9m, net assets of -$5.0m.

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.