Merritt Community Capital Corp

Analysis

Merritt Community Capital Corp is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in December 1996, 30 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, Merritt Community Capital Corp reported income of $7.4m and spending of $5.9m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.0m to $7.4m (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 57% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Merritt Community Capital Corp sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Linc Community Development Corporation ($7.4m), Oakwood Village Prairie Ridge Apartments Inc ($7.5m) and Better Housing Coalition ($7.4m).

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 $2.6m. At year end it held assets of $41.7m against liabilities of $12.5m, net assets of $29.3m. It reported 14 employees.