Edna-Islay Housing Corporation

Analysis

Edna-Islay Housing Corporation is a registered charity in United States, based in SN Luis Obisp, CA. It received its IRS tax-exemption ruling in August 1989, 37 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Edna-Islay Housing Corporation reported income of $657k and spending of $485k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $394k to $657k (+67%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 30%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Edna-Islay Housing Corporation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Freeport Senior Housing Inc ($657k), Madison Senior Citizen Housing Corporation ($657k) and Southampton Housing for the Elderly Inc ($657k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $4.0m against liabilities of $2.6m, net assets of $1.4m.