Palmyra Area Interfaith Housing Council

Analysis

Palmyra Area Interfaith Housing Council is a registered charity in United States, based in Cleona, PA. It received its IRS tax-exemption ruling in August 1979, 47 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 September 2023, Palmyra Area Interfaith Housing Council reported income of $1.4m and spending of $925k, leaving 32% of income unspent that year. Across the 4 years on record, from September 2020 to September 2023, income grew from $646k to $1.4m (+111%), an average of +28% a year. The sharpest change came in the year to September 2021, when income rose by 68%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Palmyra Area Interfaith Housing Council sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within PA. Charities of a similar size with the same main cause include American Movement Foundation ($1.4m), Michigan Transportation Connection ($1.4m) and Cancer Support Community Los Angeles ($1.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 41% and program service revenue 48% of the total. At year end it held assets of $6.4m against liabilities of $3.7m, net assets of $2.7m.