Santa Cruz Hostel Society

Analysis

Santa Cruz Hostel Society is a registered charity in United States, based in Santa Cruz, CA. It received its IRS tax-exemption ruling in February 1978, 48 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 March 2024, Santa Cruz Hostel Society reported income of $497k and spending of $475k, spending 96% of its income. Across the 6 years on record, from March 2019 to March 2024, income grew from $282k to $497k (+76%), an average of +12% a year. The sharpest change came in the year to March 2022, when income rose by 1154%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Santa Cruz Hostel Society sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Judson Terrace Lodge ($497k), Wesley Jackson Highlands Inc ($497k) and Tacoma Housing Development Group ($496k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 5.5% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $32k (6.7% of expenses). Other salaries and wages came to $195k. At year end it held assets of $849k against liabilities of $71k, net assets of $778k. It reported 6 employees.