Satellite Affordable Housing Associates

Analysis

Satellite Affordable Housing Associates is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in November 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 June 2023, Satellite Affordable Housing Associates reported income of $38.3m and spending of $26.5m, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $30.6m to $38.3m (+25%), an average of +5.8% a year. The sharpest change came in the year to June 2023, when income rose by 182%. Over the whole period it spent 63% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Satellite Affordable Housing Associates sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Covenant Living at Windsor Park ($38.2m), Urban Peak Denver ($38.4m) and Twin Lakes ($38.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $356k (1.3% of expenses). Other salaries and wages came to $6.6m. At year end it held assets of $107.4m against liabilities of $28.7m, net assets of $78.7m. It reported 130 employees.