Pilgrim Place II Inc

Analysis

Pilgrim Place II Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in June 2014, 12 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, Pilgrim Place II Inc reported income of $456k and spending of $614k, spending 135% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $414k to $456k (+10%), an average of +1.9% a year. Over the whole period it spent 136% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pilgrim Place II Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Neighborhoods for a Sustainable Future Inc - N4sf ($456k), Ahepa 67 Inc ($456k) and Gbha Properties 1 Inc ($456k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $160k. At year end it held assets of $3.5m against liabilities of $4.7m, net assets of -$1.2m. It reported 8 employees.

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.