Stanco Affordable Housing Corporation

Analysis

Stanco Affordable Housing Corporation is a registered charity in United States, based in Modesto, CA. It received its IRS tax-exemption ruling in March 1993, 33 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 2024, Stanco Affordable Housing Corporation reported income of $4.3m and spending of $3.2m, leaving 26% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.8m to $4.3m (+133%), an average of +24% a year. The sharpest change came in the year to June 2024, when income rose by 38%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Stanco Affordable Housing Corporation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Mercy Foundation North ($4.3m), Northern Prairie Performing Arts ($4.3m) and Newtown Montessori Society Inc ($4.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 39% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $161k (5.1% of expenses). Other salaries and wages came to $323k. At year end it held assets of $13.2m against liabilities of $11.7m, net assets of $1.6m. It reported 11 employees.