Eldorado Church of God Homes Inc

Analysis

Eldorado Church of God Homes Inc is a registered charity in United States, based in Oceanside, CA. It received its IRS tax-exemption ruling in May 1986, 40 years ago. 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 June 2023, Eldorado Church of God Homes Inc reported income of $958k and spending of $989k, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $884k to $958k (+8.5%), an average of +2.7% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eldorado Church of God Homes Inc 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 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Boston Psychoanalytic Society and Institute Inc ($958k), Carthage Economic Development Corporation ($958k) and Telacu Housing-Monterey Hills Inc ($958k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 39% of the total. At year end it held assets of $1.0m against liabilities of $43k, net assets of $965k.