Housing Trust Silicon Valley

Analysis

Housing Trust Silicon Valley is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in December 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, Housing Trust Silicon Valley reported income of $23.0m and spending of $8.7m, leaving 62% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.9m to $23.0m (+54%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 64%. Over the whole period it spent 48% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Trust Silicon Valley 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 98th percentile within CA. Charities of a similar size with the same main cause include Concordia of Florida Inc ($22.9m), Bethesda Senior Living Inc ($23.1m) and Riverwoods Durham ($22.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $1.3m (15% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $244.6m against liabilities of $118.8m, net assets of $125.9m. It reported 40 employees.