Satellite Aha Development Inc

Analysis

Satellite Aha Development Inc is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in February 1998, 28 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Satellite Aha Development Inc reported income of $15.5m and spending of $10.4m, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.1m to $15.5m (+207%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 170%. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Satellite Aha Development 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 PHS Cottage Grove Inc ($15.5m), Nottingham Retirement Community Inc ($15.5m) and Christian Care Surprise Inc ($15.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Other salaries and wages came to $569k. At year end it held assets of $26.6m against liabilities of $85.1m, net assets of -$58.5m.