Mid-Peninsula San Ramon Housing Corporation

Analysis

Mid-Peninsula San Ramon Housing Corporation is a registered charity in United States, based in Foster City, CA. It received its IRS tax-exemption ruling in April 1990, 36 years ago. 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 December 2023, Mid-Peninsula San Ramon Housing Corporation reported income of $2.3m and spending of $1.9m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.3m (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2021, when income rose by 548%. Over the whole period it spent 42% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mid-Peninsula San Ramon Housing Corporation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Bergen Beach Youth Organization Inc ($2.3m), Volunteers of America Inc ($2.3m) and St Vincents Foundation of Alabama Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $14.7m against liabilities of $3,555, net assets of $14.7m.