Chai House II Inc

Analysis

Chai House II Inc is a registered charity in United States, based in Los Gatos, CA. It received its IRS tax-exemption ruling in June 1985, 41 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 2021, Chai House II Inc reported income of $17.7m and spending of $2.1m, leaving 88% of income unspent that year. Across the 2 years on record, from June 2020 to June 2021, income grew from $1.5m to $17.7m (+1111%), an average of +1110% a year. The sharpest change came in the year to June 2021, when income rose by 1111%. Over the whole period it spent 18% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Chai House II Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Energy Resource Center ($17.7m), Mercy Housing Calwest ($17.8m) and Mirabella at Asu Inc ($17.6m).

On its Form 990 for the period ending June 2021, revenue came from contributions and grants 0.0% and program service revenue 8.2% of the total. Other salaries and wages came to $152k. At year end it held assets of $14.0m against liabilities of $0, net assets of $14.0m.