Derose HDC Inc

Analysis

Derose HDC Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in November 1990, 36 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Derose HDC Inc reported income of $1.7m and spending of $1.4m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.7m (+24%), an average of +5.4% a year. The sharpest change came in the year to December 2020, when income rose by 16%. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Derose HDC Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Housing Transitions Inc ($1.7m), Woods Cooperative Association Inc ($1.7m) and Bluefield Manor Housing Inc ($1.7m).

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 $5.8m against liabilities of $7.0m, net assets of -$1.2m.