Housing Endowment & TR of San Mateo County

Analysis

Housing Endowment & TR of San Mateo County is a registered charity in United States, based in San Mateo, CA. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Housing Endowment & TR of San Mateo County reported income of $2.5m and spending of $764k, leaving 69% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $844k to $2.5m (+194%), an average of +31% a year. The sharpest change came in the year to June 2022, when income rose by 435%. Over the whole period it spent 31% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Housing Endowment & TR of San Mateo County sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Lighthouse Gospel Mission Inc ($2.5m), Lancaster County Food Hub ($2.5m) and Sky Ranch at Cave Springs Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $214k (28% of expenses). Other salaries and wages came to $375k. At year end it held assets of $21.8m against liabilities of $4.7m, net assets of $17.1m.