Cardinal Yu Pin Memorial Foundation

Analysis

Cardinal Yu Pin Memorial Foundation is a registered charity in United States, based in Norwalk, CA. It received its IRS tax-exemption ruling in March 2000, 26 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, Cardinal Yu Pin Memorial Foundation reported income of $1.4m and spending of $1.0m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $955k to $1.4m (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cardinal Yu Pin Memorial Foundation 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 83rd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Cdcli Housing Development Fund Corporation ($1.4m), Moravian Developement Corp ($1.4m) and Southgate Apartments Non-Profit Housing Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.5% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $46k (4.4% of expenses). Other salaries and wages came to $409k. At year end it held assets of $5.4m against liabilities of $871, net assets of $5.4m. It reported 16 employees.