Mayflower Gardens II

Analysis

Mayflower Gardens II is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in December 1978, 48 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending February 2024, Mayflower Gardens II reported income of $1.7m and spending of $745k, leaving 56% of income unspent that year. Across the 5 years on record, from February 2020 to February 2024, income grew from $695k to $1.7m (+145%), an average of +25% a year. The sharpest change came in the year to February 2023, when income rose by 61%. Over the whole period it spent 63% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mayflower Gardens II 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 85th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Pinellas Affordable Living Inc ($1.7m), Little River Property Management Inc ($1.7m) and Mhany 2004 Housing Development Fund Corporation ($1.7m).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 80% and program service revenue 16% of the total. At year end it held assets of $4.2m against liabilities of $69k, net assets of $4.1m.