Altadena Blessing Corporation

Analysis

Altadena Blessing Corporation is a registered charity in United States, based in LA Mesa, CA. It received its IRS tax-exemption ruling in November 2003, 23 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Altadena Blessing Corporation reported income of $502k and spending of $384k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $420k to $502k (+19%), an average of +4.6% a year. Over the whole period it spent 66% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Altadena Blessing Corporation sits at the 58th percentile: it is larger than about 58% 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 Ivy Plaza Housing Corporation ($501k), Peninsula Housing Development Inc IX ($502k) and Orange Senior Housing Inc ($501k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 92% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.