Lupine Housing Inc a California Nonprofit Public Benefit Corp

Analysis

Lupine Housing Inc a California Nonprofit Public Benefit Corp is a registered charity in United States, based in Monterey, CA. It received its IRS tax-exemption ruling in October 2004, 22 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, Lupine Housing Inc a California Nonprofit Public Benefit Corp reported income of $268k and spending of $448k, spending 167% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $213k to $268k (+26%), an average of +5.9% a year. Over the whole period it spent 167% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lupine Housing Inc a California Nonprofit Public Benefit Corp sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Courtyard Square Inc ($268k), New Richmond Senior Housing Inc ($268k) and National Hispanic Council on Aging Housing of Garden City Kansas Inc ($268k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. At year end it held assets of $2.7m against liabilities of $4.2m, net assets of -$1.5m.

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.