Eden Council for Hope and Opportunity

Analysis

Eden Council for Hope and Opportunity is a registered charity in United States, based in Hayward, CA. It received its IRS tax-exemption ruling in March 1966, 60 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, Eden Council for Hope and Opportunity reported income of $1.7m and spending of $1.4m, spending 83% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $699k to $1.7m (+137%), an average of +33% a year. The sharpest change came in the year to June 2021, when income rose by 50%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Eden Council for Hope and Opportunity sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include St Barnabas Housing Development Fund Corp ($1.7m), Link-Care Foundation ($1.7m) and Houston Heights Tower Service Corp ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $60k (4.4% of expenses). Other salaries and wages came to $494k. At year end it held assets of $638k against liabilities of $266k, net assets of $372k. It reported 8 employees.