Pioneer Place Senior Housing Inc

Analysis

Pioneer Place Senior Housing Inc is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in August 2004, 22 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 August 2023, Pioneer Place Senior Housing Inc reported income of $678k and spending of $685k, spending 101% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $472k to $678k (+44%), an average of +9.5% a year. The sharpest change came in the year to August 2023, when income rose by 26%. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pioneer Place Senior Housing Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Ahepa 110 Inc ($678k), Parthenia Street Senior Citizen Housing Corporation ($678k) and Community Housing Council of Fresno ($678k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 79% of the total. Other salaries and wages came to $169k. At year end it held assets of $3.0m against liabilities of $107k, net assets of $2.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.