Poco Way HDC Inc

Analysis

Poco Way HDC Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Poco Way HDC Inc reported income of $1.2m and spending of $1.5m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $489k to $1.2m (+153%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 223%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Poco Way HDC Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Franciscan Communities Inc II ($1.2m), Lopez Community Land Trust ($1.2m) and Nho Management Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $62.7m against liabilities of $50.9m, net assets of $11.7m.

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.