South Bay Improvement Association

Analysis

South Bay Improvement Association is a registered charity in United States, based in SN Luis Obisp, CA. It received its IRS tax-exemption ruling in May 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, South Bay Improvement Association reported income of $1.1m and spending of $1.4m, spending 125% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.1m to $1.1m (-0.8%), an average of -0.2% a year. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, South Bay Improvement Association sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Home Forward Development Enterprises Corporation ($1.1m), Fair Housing Center of Central Indiana ($1.1m) and Crescent Terrace Inc ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 98% of the total. At year end it held assets of $5.1m against liabilities of $5.3m, net assets of -$270k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.