Eden Housing Management Inc

Analysis

Eden Housing Management Inc is a registered charity in United States, based in Hayward, CA. It received its IRS tax-exemption ruling in November 1986, 40 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Eden Housing Management Inc reported income of $14.6m and spending of $14.5m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.9m to $14.6m (+48%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eden Housing Management Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Ccarc Inc ($14.5m), United Way of Greater Knoxville Inc ($14.6m) and Lutheran Home of Jamaica Plain Inc ($14.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $6,000 (0.0% of expenses). Other salaries and wages came to $9.3m. At year end it held assets of $4.9m against liabilities of $4.8m, net assets of $108k. It reported 397 employees.