Single Room Occupancy Housing Corp

Analysis

Single Room Occupancy Housing Corp is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 1984, 42 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, Single Room Occupancy Housing Corp reported income of $23.8m and spending of $33.0m, spending 139% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.1m to $23.8m (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Single Room Occupancy Housing Corp sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Humangood Idaho ($23.7m), Army Retirement Residence Supporting Foundation ($23.9m) and Status Home Inc ($23.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.9% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $542k (1.6% of expenses). Other salaries and wages came to $7.6m. At year end it held assets of $62.6m against liabilities of $113.7m, net assets of -$51.1m. It reported 258 employees.