San Diego Charitable Real Estate Foundation

Analysis

San Diego Charitable Real Estate Foundation is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, San Diego Charitable Real Estate Foundation reported income of $4.2m and spending of $512k, leaving 88% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $4.2m (+55%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 164%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, San Diego Charitable Real Estate Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Detroit Development Fund ($4.2m), Connecting for Children and Families Inc ($4.2m) and Riverfront Development Corporation of Delaware ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.2% of the total. At year end it held assets of $4.1m against liabilities of $120k, net assets of $4.0m.