Palos Verdes Resale

Analysis

Palos Verdes Resale is a registered charity in United States, based in Lomita, CA. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Palos Verdes Resale reported income of $625k and spending of $574k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $576k to $625k (+8.6%), an average of +2.1% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Palos Verdes Resale sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Trinity Thrift ($625k), Able Center for Independent Living ($625k) and Intervention & Crisis Advocacy Network Inc ($625k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. At year end it held assets of $218k against liabilities of $6,540, net assets of $211k.