East Bay Innovations Inc

Analysis

East Bay Innovations Inc is a registered charity in United States, based in San Leandro, CA. It received its IRS tax-exemption ruling in December 1994, 32 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 2024, East Bay Innovations Inc reported income of $15.4m and spending of $15.2m, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $8.8m to $15.4m (+76%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, East Bay Innovations Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Houston Habitat for Humanity Inc ($15.4m), Christian Care Surprise Inc ($15.5m) and Lutheran Senior Citizens Inc ($15.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 7.8% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $227k (1.5% of expenses). Other salaries and wages came to $10.8m. At year end it held assets of $10.3m against liabilities of $3.0m, net assets of $7.3m. It reported 343 employees.