Silverwood Casitas Inc

Analysis

Silverwood Casitas Inc is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in September 2011, 15 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, Silverwood Casitas Inc reported income of $354k and spending of $482k, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $353k to $354k (+0.4%), an average of +0.1% a year. Over the whole period it spent 136% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Silverwood Casitas Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within AZ. Charities of a similar size with the same main cause include Los Angeles Communities Advocating for Unity Social Justice & Action ($354k), Premier Community Development Corporation ($354k) and Richmond Senior Housing Inc ($354k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Other salaries and wages came to $85k. At year end it held assets of $4.9m against liabilities of $25k, net assets of $4.8m.

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.