Site K Inc

Analysis

Site K Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in May 1992, 34 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Site K Inc reported income of $202k and spending of $1.5m, spending 758% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $196k to $202k (+3.4%), an average of +1.1% a year. Over the whole period it spent 724% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Site K Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Howell House ($202k), Rosehill Housing Development Fund Corporation ($202k) and Duncaster Residents Association ($202k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 99% of the total. At year end it held assets of $77k against liabilities of $8.6m, net assets of -$8.6m.

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.