Paso Robles Nonprofit Housing Corporation

Analysis

Paso Robles Nonprofit Housing Corporation is a registered charity in United States, based in Paso Robles, CA. It received its IRS tax-exemption ruling in June 2007, 19 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, Paso Robles Nonprofit Housing Corporation reported income of $1.2m and spending of $447k, leaving 61% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $440k to $1.2m (+163%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 114%. Over the whole period it spent 71% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Paso Robles Nonprofit Housing Corporation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.2m), Plano Development Corp ($1.2m) and Habitat for Humanity International Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. At year end it held assets of $5.2m against liabilities of $4.5m, net assets of $728k.