Eden Development Inc

Analysis

Eden Development Inc is a registered charity in United States, based in Hayward, CA. It received its IRS tax-exemption ruling in September 2006, 20 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 December 2023, Eden Development Inc reported income of $2.1m and spending of $4.6m, spending 219% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $2.1m (+99%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 195%. Over the whole period it spent 384% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Eden Development Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Springvale Terrace Inc ($2.1m), Shreveport-Bossier Rescue Mission ($2.1m) and Legacy25 Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.8% and program service revenue 90% of the total. Other salaries and wages came to $170k. At year end it held assets of $31.6m against liabilities of $124.0m, net assets of -$92.4m. It reported 2 employees.

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.