Umpqua Homes Inc

Analysis

Umpqua Homes Inc is a registered charity in United States, based in Roseburg, OR. It received its IRS tax-exemption ruling in May 1987, 39 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Umpqua Homes Inc reported income of $10.1m and spending of $10.0m, spending 99% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $7.7m to $10.1m (+32%), an average of +9.6% a year. The sharpest change came in the year to June 2023, when income rose by 15%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Umpqua Homes Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within OR. Charities of a similar size with the same main cause include San Diego French-American School ($10.1m), Council of the Great City Schools ($10.1m) and Legal Counsel for the Elderly ($10.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $170k (1.7% of expenses). Other salaries and wages came to $6.2m. At year end it held assets of $7.7m against liabilities of $813k, net assets of $6.9m. It reported 183 employees.