San Veron Park Corporation

Analysis

San Veron Park Corporation is a registered charity in United States, based in Foster City, CA. It received its IRS tax-exemption ruling in April 1984, 42 years ago. 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, San Veron Park Corporation reported income of $1.0m and spending of $810k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $965k to $1.0m (+8.0%), an average of +1.9% a year. Over the whole period it spent 122% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, San Veron Park Corporation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Associate Reformed Presbyterian Home ($1.0m), Metropolitan Ministries ($1.0m) and San Diego Nihongo Kyoiku Shinkokai ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 38% of the total. Other salaries and wages came to $61k. At year end it held assets of $1.7m against liabilities of $618k, net assets of $1.1m.