Redwood Shores Senior Housing Inc

Analysis

Redwood Shores Senior Housing Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in September 1994, 32 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Redwood Shores Senior Housing Inc reported income of $1.0m and spending of $1.4m, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $1.0m (-56%), an average of -19% a year. The sharpest change came in the year to December 2020, when income dropped by 54%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Redwood Shores Senior Housing Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Green Bay Diocese Cemetery Corporation ($1.0m), Stand by Me USA ($1.0m) and Steamfitters Education Fund Local Union 475 ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 44% of the total. At year end it held assets of $9.4m against liabilities of $198k, net assets of $9.2m.

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.