Island City Development

Analysis

Island City Development is a registered charity in United States, based in Alameda, CA. It received its IRS tax-exemption ruling in April 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Island City Development reported income of $2.3m and spending of $348k, leaving 85% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $295k to $2.3m (+692%), an average of +68% a year. The sharpest change came in the year to December 2020, when income rose by 339%. Over the whole period it spent 15% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Island City Development sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($2.3m), Big Wave Group ($2.3m) and Military Housing and Lodging Institute ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 1.8% of the total. At year end it held assets of $12.0m against liabilities of $8.4m, net assets of $3.6m.