Destination Home SV

Analysis

Destination Home SV is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Destination Home SV reported income of $29.0m and spending of $27.6m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $18.5m to $29.0m (+57%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 241%. Over the whole period it spent 75% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Destination Home SV sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Paisano Housing Redevelopment Corporation ($29.0m), Ness Healthcare NFP ($29.1m) and Maine Life Care Retirement Community Inc ($28.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $1.1m (4.1% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $79.8m against liabilities of $1.5m, net assets of $78.3m. It reported 14 employees.