Housing Matters

Analysis

Housing Matters is a registered charity in United States, based in Santa Cruz, CA. It received its IRS tax-exemption ruling in June 1990, 36 years ago. 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 Matters reported income of $18.6m and spending of $13.0m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.6m to $18.6m (+234%), an average of +35% a year. The sharpest change came in the year to June 2021, when income rose by 200%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Housing Matters 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 San Francisco Public Health Foundation ($18.6m), Kentucky Educational Development Corporation ($18.7m) and South Delta Planning & Development District Inc ($18.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $358k (2.8% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $30.6m against liabilities of $7.5m, net assets of $23.1m. It reported 108 employees.