Sunset Charities Housing Corporation

Analysis

Sunset Charities Housing Corporation 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 church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sunset Charities Housing Corporation reported income of $868k and spending of $1.0m, spending 121% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $287k to $868k (+203%), an average of +74% a year. The sharpest change came in the year to December 2022, when income rose by 133%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sunset Charities Housing Corporation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Downtown Manhattan Community Development Corporation ($867k), Cedar Gardens Apartments ($868k) and Senior Affordable Housing Corp No 3 ($867k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 69% of the total. Other salaries and wages came to $34k. At year end it held assets of $10.8m against liabilities of $9.1m, net assets of $1.6m.