Marin Housing Development Corporation

Analysis

Marin Housing Development Corporation is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in April 1985, 41 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 December 2023, Marin Housing Development Corporation reported income of $648k and spending of $644k, spending 99% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $522k to $648k (+24%), an average of +4.4% a year. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Marin Housing Development Corporation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Casa Natomas ($648k), Heritage Center of Orange Inc ($648k) and Christwood Foundation ($648k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $57k. At year end it held assets of $2.4m against liabilities of $1.4m, net assets of $1.0m.