Milpitas Housing Inc

Analysis

Milpitas Housing Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in January 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, Milpitas Housing Inc reported income of $723k and spending of $1.2m, spending 164% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $46k to $723k (+1489%), an average of +100% a year. The sharpest change came in the year to December 2020, when income rose by 3453%. Over the whole period it spent 243% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Milpitas Housing Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include High Plains Housing Development Corp ($723k), Carreys Care Center Inc ($723k) and Trinity Community Ministries Inc ($723k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. At year end it held assets of $770k against liabilities of $16.7m, net assets of -$15.9m.

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.