Brookings Good Samaritan Housing Inc

Analysis

Brookings Good Samaritan Housing Inc is a registered charity in United States, based in Camarillo, CA. It received its IRS tax-exemption ruling in September 1996, 30 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, Brookings Good Samaritan Housing Inc reported income of $219k and spending of $231k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $187k to $219k (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Brookings Good Samaritan Housing Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Milltown Housing Developemnt Fund Company Inc ($219k), Ecoa Elderly Housing Corporation ($219k) and Bowman Low Rental Housing Co Inc ($219k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 43% of the total. Other salaries and wages came to $47k. At year end it held assets of $749k against liabilities of $58k, net assets of $691k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.