Aspen Drive Housing Inc

Analysis

Aspen Drive Housing Inc is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in January 1997, 29 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 June 2023, Aspen Drive Housing Inc reported income of $169k and spending of $220k, spending 131% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $121k to $169k (+39%), an average of +8.5% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 160% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Aspen Drive Housing Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Blackford Grant Housing Authority Inc ($168k), Community Foundations Inc ($169k) and Neighborhood Housing Services of Camden Inc ($168k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. Other salaries and wages came to $27k. At year end it held assets of $1.3m against liabilities of $1.7m, net assets of -$451k.

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.