Eddy Street Apartments

Analysis

Eddy Street Apartments is a registered charity in United States, based in San Francisco, 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 (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, Eddy Street Apartments reported income of $180k and spending of $270k, spending 150% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $156k to $180k (+15%), an average of +2.9% a year. Over the whole period it spent 153% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Eddy Street Apartments sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Community Housing Development Organization of Western Indiana in ($180k), Center Housing Development Fund Corporation ($180k) and Lotus Care House ($180k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 49% and program service revenue 51% of the total. Other salaries and wages came to $27k. At year end it held assets of $1.6m against liabilities of $161k, net assets of $1.5m.

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.