Silverado Creek Housing Inc

Analysis

Silverado Creek Housing Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in May 2002, 24 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, Silverado Creek Housing Inc reported income of $57k and spending of $281k, spending 489% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $55k to $57k (+4.1%), an average of +1.4% a year. Over the whole period it spent 553% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Silverado Creek Housing Inc sits at the 13th percentile: it is larger than about 13% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 24th percentile within CA. Charities of a similar size with the same main cause include Athens Woods Estate Inc ($57k), FSWP GL III Inc ($58k) and Passavant Memorial Homes V ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $130k against liabilities of $2.8m, net assets of -$2.7m.

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.