Bay Area Housing Corporation

Analysis

Bay Area Housing Corporation is a registered charity in United States, based in Los Gatos, CA. It received its IRS tax-exemption ruling in September 2003, 23 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, Bay Area Housing Corporation reported income of $9.0m and spending of $5.3m, leaving 42% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $9.5m to $9.0m (-5.5%), an average of -1.4% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 61% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bay Area Housing Corporation sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($9.0m), Enable of Georgia Inc ($9.0m) and Evernorth ($8.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $395k (7.5% of expenses). Other salaries and wages came to $442k. It paid $37k in professional fundraising fees. At year end it held assets of $68.9m against liabilities of $20.3m, net assets of $48.6m. It reported 6 employees.