Rincon de Los Esteros Inc

Analysis

Rincon de Los Esteros Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in July 1993, 33 years ago. 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, Rincon de Los Esteros Inc reported income of $36.9m and spending of $25.9m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.6m to $36.9m (+702%), an average of +68% a year. The sharpest change came in the year to December 2023, when income rose by 687%. 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, Rincon de Los Esteros Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Wellpoint Care Network Inc ($36.8m), Catholic Charities of the Diocese of Rockville Centre ($36.9m) and Benedictine Living Communities Inc ($36.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 13% of the total. Other salaries and wages came to $500k. At year end it held assets of $2.2m against liabilities of $7.2m, net assets of -$5.0m.