Sycamore Place II Senior Housing Corporation

Analysis

Sycamore Place II Senior Housing Corporation is a registered charity in United States, based in Walnut Creek, CA. It received its IRS tax-exemption ruling in December 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Sycamore Place II Senior Housing Corporation reported income of $724k and spending of $673k, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $403k to $724k (+80%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 78%. Over the whole period it spent 136% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sycamore Place II Senior Housing Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Holmes Council on Aging Inc ($724k), Bedford Park Multi-Service Center for Seniors Citizens Inc ($724k) and Young Mens Christian Association of Buchanan County ($724k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $3.7m against liabilities of $7.2m, net assets of -$3.5m.