Stoney Pine Charities Housing Corporation

Analysis

Stoney Pine Charities Housing Corporation is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in May 1999, 27 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, Stoney Pine Charities Housing Corporation reported income of $423k and spending of $500k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $248k to $423k (+70%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 161% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Stoney Pine Charities Housing Corporation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include CCDC Legacy Foundation ($422k), Vicksburg Housing Management and Development ($423k) and United Church Residences of Memphis Tennessee Inc ($422k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 31% of the total. Other salaries and wages came to $35k. At year end it held assets of $3.6m against liabilities of $6.8m, net assets of -$3.2m.

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.