Alta Housing

Analysis

Alta Housing is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in February 2004, 22 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, Alta Housing reported income of $7.2m and spending of $4.7m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $7.2m (+191%), an average of +31% a year. The sharpest change came in the year to December 2021, when income rose by 148%. Over the whole period it spent 45% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Alta Housing sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Bethany Methodist Corporation ($7.2m), Cedar Lake Residences Inc ($7.2m) and Housing Choices Coalition for Persons with Developmental Disabil ($7.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 28% of the total. Other salaries and wages came to $2.0m. At year end it held assets of $63.3m against liabilities of $18.1m, net assets of $45.2m.