Friends of 40prado

Analysis

Friends of 40prado is a registered charity in United States, based in SN Luis Obisp, CA. It received its IRS tax-exemption ruling in May 2000, 26 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 2023, Friends of 40prado reported income of $429k and spending of $690k, spending 161% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $436k to $429k (-1.7%), an average of -0.4% a year. The sharpest change came in the year to June 2020, when income rose by 24%. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Friends of 40prado 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 68th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Oakhill Associates Inc ($428k), Rebuilding Together Platte Valley East Inc ($429k) and Winslow RHF Housing Inc ($428k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $552k against liabilities of $0, net assets of $552k.