Crescent Terrace Inc

Analysis

Crescent Terrace Inc is a registered charity in United States, based in Foster City, CA. It received its IRS tax-exemption ruling in November 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 December 2023, Crescent Terrace Inc reported income of $1.1m and spending of $1.1m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $979k to $1.1m (+13%), an average of +3.2% a year. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Crescent Terrace Inc sits at the 73rd percentile: it is larger than about 73% 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 Mountain Outreach Program Inc ($1.1m), Home Forward Development Enterprises Corporation ($1.1m) and Westchester County Habitat for Humanity Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 33% of the total. Other salaries and wages came to $87k. At year end it held assets of $2.5m against liabilities of $4.9m, net assets of -$2.3m.