Seaview Lutheran Plaza Inc

Analysis

Seaview Lutheran Plaza Inc is a registered charity in United States, based in Corona DL Mar, CA. It received its IRS tax-exemption ruling in March 1980, 46 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 December 2023, Seaview Lutheran Plaza Inc reported income of $1.4m and spending of $2.6m, spending 188% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $1.4m (-44%), an average of -13% a year. The sharpest change came in the year to December 2021, when income rose by 1582%. Over the whole period it spent 18% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Seaview Lutheran Plaza Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Hospitality Homes Inc ($1.4m), Mount Ephraim Community Development Corporation ($1.4m) and Harrington Center for the Arts ($1.4m).

Compensation of current officers, directors and key employees was $137k (5.4% of expenses). At year end it held assets of $42.6m against liabilities of $1,311, net assets of $42.6m.