Housing Sponsorship Corporation

Analysis

Housing Sponsorship Corporation is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Housing Sponsorship Corporation reported income of $501k and spending of $4,907, leaving 99% of income unspent that year. Across the 5 years on record, from May 2020 to May 2024, income grew from $251k to $501k (+99%), an average of +19% a year. The sharpest change came in the year to May 2024, when income rose by 81%. Over the whole period it spent 1.9% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Housing Sponsorship Corporation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Brooklyn Bridge Manhattan ($501k), Islamorada Foundation Inc ($501k) and Chehalis Tribal Loan Fund ($501k).

On its Form 990 for the period ending May 2024, revenue came from program service revenue 95% of the total. At year end it held assets of $29.6m against liabilities of $0, net assets of $29.6m.