Castillo Homes Inc

Analysis

Castillo Homes Inc is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in September 1989, 37 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 December 2023, Castillo Homes Inc reported income of $489k and spending of $341k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $449k to $489k (+8.8%), an average of +2.1% a year. The sharpest change came in the year to December 2020, when income rose by 28%. Over the whole period it spent 65% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Castillo Homes Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Presbyterian Village Holly Phase II Nonprofit Housing Corporation ($489k), Volunteers of America Inc ($489k) and Ridgeview Village II Inc ($488k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $1.6m against liabilities of $404k, net assets of $1.2m.