Community Corporation of Santa Monica

Analysis

Community Corporation of Santa Monica is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in July 1983, 43 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, Community Corporation of Santa Monica reported income of $17.4m and spending of $21.1m, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $17.6m to $17.4m (-0.9%), an average of -0.2% a year. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Corporation of Santa Monica sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Harbor Interfaith Services Inc ($17.4m), Sundari Foundation Inc ($17.5m) and Masonic Home Independent Living II Inc ($17.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $2.1m (9.8% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $196.6m against liabilities of $158.2m, net assets of $38.4m. It reported 123 employees.