San Carlos Development Corporation

Analysis

San Carlos Development Corporation is a registered charity in United States, based in San Carlos, CA. It received its IRS tax-exemption ruling in January 1993, 33 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, San Carlos Development Corporation reported income of $8.9m and spending of $8.1m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.6m to $8.9m (+18%), an average of +4.2% a year. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, San Carlos Development Corporation 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 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Todco Ybc 5 Inc ($8.9m), The Next Door ($8.9m) and Community Builders of Kansas City ($8.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $271k (3.4% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $22.2m against liabilities of $13.7m, net assets of $8.6m. It reported 105 employees.