Mid-Peninsula Colma Ridge Inc

Analysis

Mid-Peninsula Colma Ridge Inc is a registered charity in United States, based in Foster City, CA. It received its IRS tax-exemption ruling in February 1995, 31 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 (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, Mid-Peninsula Colma Ridge Inc reported income of $232k and spending of $288k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $165k to $232k (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 137% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mid-Peninsula Colma Ridge Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include St Elizabeth Manor Inc ($232k), Scoc Corporation ($232k) and Freyas Hen House ($232k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 50% of the total. Other salaries and wages came to $30k. At year end it held assets of $1.4m against liabilities of $917k, net assets of $490k.

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.