Mid-Peninsula Half Moon Bay Inc

Analysis

Mid-Peninsula Half Moon Bay Inc is a registered charity in United States, based in Foster City, CA. It received its IRS tax-exemption ruling in October 2001, 25 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, Mid-Peninsula Half Moon Bay Inc reported income of $4.3m and spending of $2.2m, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $753k to $4.3m (+474%), an average of +55% a year. The sharpest change came in the year to December 2021, when income rose by 4554%. Over the whole period it spent 31% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mid-Peninsula Half Moon Bay Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Nazareth Housing Inc ($4.3m), Park Bixby Towers Inc ($4.3m) and Decatur Church of Christ Senior Housing Inc ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 80% of the total. Other salaries and wages came to $140k. At year end it held assets of $48.6m against liabilities of $11.2m, net assets of $37.3m.