Charities Housing Development Corp of Santa Clara County

Analysis

Charities Housing Development Corp of Santa Clara County is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in March 1946, 80 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 December 2023, Charities Housing Development Corp of Santa Clara County reported income of $19.1m and spending of $9.1m, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.6m to $19.1m (+188%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 61% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Charities Housing Development Corp of Santa Clara County sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Jericho Project ($19.0m), Council for the Homeless ($19.1m) and Moravian Village of Bethlehem ($19.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.8% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $917k (10% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $189.5m against liabilities of $106.2m, net assets of $83.3m. It reported 89 employees.