Rodeo Senior Apartments Inc

Analysis

Rodeo Senior Apartments Inc is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in June 2000, 26 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Rodeo Senior Apartments Inc reported income of $6.7m and spending of $3.1m, leaving 54% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $443k to $6.7m (+1401%), an average of +97% a year. The sharpest change came in the year to September 2023, when income rose by 648%. Over the whole period it spent 68% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rodeo Senior Apartments Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include South Carolina Community Loan Fund ($6.6m), Tenemos Que Reclamar Y Unidos Salvar LA Tierra-South LA ($6.7m) and Esperanza Community Housing Corporation ($6.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% and program service revenue 2.5% of the total. Other salaries and wages came to $126k. At year end it held assets of $6.7m against liabilities of $7.7m, net assets of -$970k.