Sequoia Living Inc

Analysis

Sequoia Living Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in September 1963, 63 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Sequoia Living Inc reported income of $111.0m and spending of $112.7m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $83.5m to $111.0m (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sequoia Living Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Element Care Inc ($110.0m), Action Inc ($111.1m) and El Centro Del Barrio Inc ($109.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.7% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $3.9m (3.4% of expenses). Other salaries and wages came to $37.5m. At year end it held assets of $416.6m against liabilities of $221.8m, net assets of $194.9m. It reported 493 employees.