Alvarez Court Inc

Analysis

Alvarez Court Inc is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in April 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 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, Alvarez Court Inc reported income of $235k and spending of $427k, spending 182% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $207k to $235k (+13%), an average of +3.2% a year. Over the whole period it spent 176% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Alvarez Court Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Emporia Jaycee Housing Corporation ($235k), Eastside Community Development Fund ($235k) and Twentieth Association Properties Inc ($235k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. Other salaries and wages came to $44k. At year end it held assets of $2.5m against liabilities of $2.8m, net assets of -$310k.

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.