Susan Parham Housing Corporation

Analysis

Susan Parham Housing Corporation is a registered charity in United States, based in Oceanside, CA. It received its IRS tax-exemption ruling in September 2009, 17 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 2024, Susan Parham Housing Corporation reported income of $91k and spending of $149k, spending 163% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $77k to $91k (+18%), an average of +3.4% a year. The sharpest change came in the year to June 2024, when income rose by 18%. Over the whole period it spent 174% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Susan Parham Housing Corporation sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 37th percentile within CA. Charities of a similar size with the same main cause include Solution House ($91k), LSS Housing Granville Inc ($91k) and Homefront Non Profit Housing Corporation ($91k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 77% and program service revenue 23% of the total. At year end it held assets of $1.0m against liabilities of $610k, net assets of $435k.

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.