Solar Community Housing Association

Analysis

Solar Community Housing Association is a registered charity in United States, based in Davis, CA. It received its IRS tax-exemption ruling in June 1983, 43 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 September 2023, Solar Community Housing Association reported income of $608k and spending of $609k, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $461k to $608k (+32%), an average of +7.2% a year. The sharpest change came in the year to September 2022, when income rose by 21%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Solar Community Housing Association sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Safe Harbour Inc ($608k), Belmont Housing Associates Inc ($608k) and Lincoln Senior Housing Inc ($607k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $18k (3.0% of expenses). Other salaries and wages came to $198k. At year end it held assets of $1.3m against liabilities of $776k, net assets of $484k. It reported 13 employees.

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.