Santa Clara Methodist Retirement Foundation Inc

Analysis

Santa Clara Methodist Retirement Foundation Inc is a registered charity in United States, based in Campbell, CA. It received its IRS tax-exemption ruling in April 1973, 53 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Santa Clara Methodist Retirement Foundation Inc reported income of $7.1m and spending of $6.8m, spending 96% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $6.7m to $7.1m (+6.4%), an average of +1.3% a year. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Santa Clara Methodist Retirement Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Utah Regional Housing Corporation ($7.1m), South Western Alpha Housing and Healthcare Inc ($7.1m) and Mutual Housing Association of South Central Connecticut Inc ($7.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 80% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $482k (7.1% of expenses). Other salaries and wages came to $806k. At year end it held assets of $36.9m against liabilities of $20.5m, net assets of $16.4m. It reported 35 employees.