Midpen Resident Services Corporation

Analysis

Midpen Resident Services Corporation is a registered charity in United States, based in Foster City, CA. It received its IRS tax-exemption ruling in February 2002, 24 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Midpen Resident Services Corporation reported income of $12.2m and spending of $13.0m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.1m to $12.2m (+51%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 80%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Midpen Resident Services Corporation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Civic Builders Inc ($12.2m), Sunnyside Properties of Sarasota Inc ($12.3m) and Lutheran Sunset Ministries ($12.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 97% of the total. Other salaries and wages came to $6.9m. At year end it held assets of $12.9m against liabilities of $1.7m, net assets of $11.2m.