Mid-Peninsula Seven Trees Inc

Analysis

Mid-Peninsula Seven Trees Inc is a registered charity in United States, based in Foster City, CA. It received its IRS tax-exemption ruling in August 1994, 32 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 December 2023, Mid-Peninsula Seven Trees Inc reported income of $2.3m and spending of $6.4m, spending 280% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.3m (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2020, when income rose by 275%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mid-Peninsula Seven Trees Inc sits at the 84th percentile: it is larger than about 84% 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 SW Texas Housing Service Res Inc ($2.3m), Community Shelter Services Inc ($2.3m) and Christian Church Facilities for the Aging Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 72% of the total. Other salaries and wages came to $197k. At year end it held assets of $10.5m against liabilities of $7.9m, net assets of $2.6m.