Banneker Homes Inc John Stewart Company

Analysis

Banneker Homes Inc John Stewart Company is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in August 2015, 11 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 August 2024, Banneker Homes Inc John Stewart Company reported income of $265k and spending of $426k, spending 161% of what it took in. Across the 5 years on record, from August 2020 to August 2024, income fell from $322k to $265k (-18%), an average of -4.8% a year. The sharpest change came in the year to August 2023, when income rose by 349%. Over the whole period it spent 232% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Banneker Homes Inc John Stewart Company sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Level Acres Nonprofit Housing Corporation ($265k), Malm Manor Inc ($265k) and Saginaw Village Associates Inc ($265k).

On its Form 990 for the period ending August 2024, revenue came from program service revenue 37% of the total. Other salaries and wages came to $158k. At year end it held assets of $6.3m against liabilities of $0, net assets of $6.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.