Hyde Street Community Services Inc

Analysis

Hyde Street Community Services Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in May 2003, 23 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 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 June 2023, Hyde Street Community Services Inc reported income of $4.3m and spending of $4.1m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $4.3m (+62%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hyde Street Community Services Inc 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 92nd percentile within CA. Charities of a similar size with the same main cause include Clifton Adult Opportunity Center ($4.3m), Picpa Foundation for Education and Research ($4.3m) and South Central Region 8 Workforce Board Inc ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.1% and program service revenue 95% of the total. Other salaries and wages came to $2.6m. At year end it held assets of $1.2m against liabilities of $379k, net assets of $819k. It reported 33 employees.