Housing Consortium of the East Bay

Analysis

Housing Consortium of the East Bay is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in October 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Housing Consortium of the East Bay reported income of $14.2m and spending of $13.1m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.4m to $14.2m (+223%), an average of +34% a year. The sharpest change came in the year to June 2021, when income rose by 57%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Housing Consortium of the East Bay sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Hudson Guild ($14.2m), Area IV Agency on Aging and Community Action Programs Inc ($14.2m) and Thresholds Inc ($14.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.8% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $187k (1.4% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $56.0m against liabilities of $42.2m, net assets of $13.8m. It reported 109 employees.