Sunset Apartments Housing Corporation

Analysis

Sunset Apartments Housing Corporation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 1997, 29 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 December 2023, Sunset Apartments Housing Corporation reported income of $2.3m and spending of $640k, leaving 72% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $665k to $2.3m (+241%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 239%. Over the whole period it spent 65% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sunset Apartments Housing Corporation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Greenville Community Shelters ($2.3m), Habitat for Humanity of the Mississippi Gulf Coast Inc ($2.3m) and Veterans Legal Institute ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 28% of the total. Other salaries and wages came to $57k. At year end it held assets of $4.9m against liabilities of $937k, net assets of $3.9m.