Samchai

Analysis

Samchai is a registered charity in United States, based in Belmont, CA. It received its IRS tax-exemption ruling in March 2015, 11 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 (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, Samchai reported income of $529k and spending of $726k, spending 137% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.3m to $529k (-88%), an average of -41% a year. The sharpest change came in the year to June 2023, when income dropped by 88%. Over the whole period it spent 73% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Samchai sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Newcourtland Life at St Bartholomew Inc ($529k), Ahepa 250 IV Inc ($529k) and Center City Housing Inc ($528k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 87% of the total. Compensation of current officers, directors and key employees was $33k (4.5% of expenses). Other salaries and wages came to $192k. At year end it held assets of $5.7m against liabilities of $150k, net assets of $5.6m.