El Dorado Housing Corporation

Analysis

El Dorado Housing Corporation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, El Dorado Housing Corporation reported income of $897k and spending of $1.0m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $901k to $897k (-0.5%), an average of -0.1% a year. The sharpest change came in the year to June 2020, when income rose by 42%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, El Dorado Housing Corporation 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 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Altadena Childrens Center ($897k), Marable Specialized Care Inc ($897k) and Residential Services Inc ($897k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 27% of the total. At year end it held assets of $2.6m against liabilities of $4.7m, net assets of -$2.0m.

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.