532 16th Street Inc

Analysis

532 16th Street Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in April 1994, 32 years ago. 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 2022, 532 16th Street Inc reported income of $421k and spending of $185k, leaving 56% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $601k to $421k (-30%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 1627%. Over the whole period it spent 23% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 532 16th Street Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Mirror Image Education and Leadership ($421k), San Juan Bible Conferences Inc ($421k) and Berlin Volunteer Fire Department ($421k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 53% of the total. Compensation of current officers, directors and key employees was $105k (57% of expenses). Other salaries and wages came to $13k. At year end it held assets of $7.5m against liabilities of $23k, net assets of $7.5m. It reported 3 employees.