Area Housing Authority of County of Ventura

Analysis

Area Housing Authority of County of Ventura is a registered charity in United States, based in Newbury Park, CA. It received its IRS tax-exemption ruling in July 1998, 28 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, Area Housing Authority of County of Ventura reported income of $53.0m and spending of $50.6m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $38.7m to $53.0m (+37%), an average of +8.2% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Area Housing Authority of County of Ventura sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Baruch SLS Inc ($51.0m), Apf Support Inc ($54.3m) and Viecare Beaver LLC ($50.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $679k (1.3% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $53.3m against liabilities of $17.0m, net assets of $36.3m. It reported 67 employees.