Monterey County Housing Inc

Analysis

Monterey County Housing Inc is a registered charity in United States, based in Salinas, CA. It received its IRS tax-exemption ruling in October 1993, 33 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 June 2023, Monterey County Housing Inc reported income of $545k and spending of $615k, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $488k to $545k (+12%), an average of +2.8% a year. The sharpest change came in the year to June 2023, when income dropped by 15%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Monterey County Housing Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Prairie Haven Homes Ltd ($545k), Gift of Mary ($545k) and Brown Foundation Community Development Corporation ($545k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% and program service revenue 60% of the total. Other salaries and wages came to $60k. At year end it held assets of $3.2m against liabilities of $2.6m, net assets of $634k.