Decro Epsilon Corporation

Analysis

Decro Epsilon Corporation is a registered charity in United States, based in Culver City, CA. It received its IRS tax-exemption ruling in October 1992, 34 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, Decro Epsilon Corporation reported income of $380k and spending of $239k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $274k to $380k (+39%), an average of +8.5% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 150% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Decro Epsilon Corporation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Fresh Start Ministries of San Angelo ($379k), Barrett Dewitt Housing Development Fund Company Inc ($380k) and New Hull Street Housing Development Fund Company Inc ($379k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 86% of the total. At year end it held assets of $1.7m against liabilities of $1.8m, net assets of -$63k.